HG 




INTEREST TABLES 



COMPILED BY 



Perley Morse & Company 

CERTIFIED PUBLIC ACCOUNTANTS 

SIXTY-ONE BROADWAY 

NEW YORK 



PRICE, FIFTY CENTS 




PRESS OF H. K. BREWER & CO., 58 LIBERTY STREET, NEW YORK 



1 
INTEREST TABLES 

PREPARED BY 

PERLEY MORSE & COMPANY 

CERTIFIED PUBLIC ACCOUNTANTS 

Sixty-one Broadway New York 

Telephone }{J§ \ ) Rector Cable Address " STANDIT " 



* ? 



To the Public: 

Several clients have asked us to recommend a practical interest 
table, showing the amount of interest at different rates on one dollar 
for any number of days within one year. We made an investigation 
of the different published interest tables, but found none that 
answered the purpose. Therefore, we have prepared the interest 
tables submitted herewith. These show the amount of interest at 
different rates from one per cent and on the one-half point to nine and 
one-half per cent, carried out to the seventh place, for any number of 
days up to three hundred and sixty-five. 

These interest tables will be useful not only to the business man in 
mercantile and manufacturing pursuits, but also to bankers, 
brokers and lawyers. 

INSTRUCTIONS 

To find the interest on any amount for any number of days on the 
basis of three hundred and sixty-five days to the year: 

Multiply the amount by the interest on one dollar for the given 
time at the given rate. 

Problem: What is the interest on $935.00 for 165 days at 5%? 

Solution: By referring to the tables we find that the interest on 
$1.00 for 165 days @ 5% is $.0226. Therefore, for $935.00 the inter- 
est would be the product of $.0226 multiplied by 935, which gives 
$21.13, the answer required. 

The amount of interest for rates ending in one quarter or three 
quarters may be obtained by division, thus : The amount of interest 
on one dollar for any given number of days at 4J^% would be one-half 
of what it is at 8j/£%, and at 4%% the amount required would be 
one-half of what it is at 9j/£%. 

In figuring interest on nominal amounts it is unnecessary to use 
more than four places. 

Respectfully submitted, 



<£ 



Ui&f 



New York, N. Y., CERTIFIED PUBLIC ACCOUNTANTS. 

July 1, 1915. ' / 




Copyright. 1915. by Perley Morse <fc Company 





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StP -I 1915 ©O.A411299 




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N the opposite page is a photographic copy of a Certified 
General Balance Sheet (Assets and Liabilities) prepared by us. 



In making an audit or investigation of a business concern we 
render a report containing among other exhibits, a General Balance 
Sheet in this form, supported by Schedules showing details of Accounts 
Receivable (Schedule No. 1), Notes Receivable (Schedule No. 2), 
Accounts Payable (Schedule No. 3) and Notes Payable (Schedule 
No. 4), together with any other -schedules necessary to explain the 
items. 

A financially healthy concern's Current Assets should be at least 
twice as much as its Current Liabilities. These two groups are always 
of principal interest to prospective creditors or financial institutions 
where credit is sought. 

We have a friendly regard for our clients and work diligently for 
their business advancement; but we have no pecuniary interest in 
their success; therefore, we are able to view conditions from a differ- 
ent angle than those who have a pecuniary interest. Hence, a 
Certified General Balance Sheet prepared by us exactly sets forth 
financial condition and we are able to make valuable suggestions not 
only for the improvement of accounting systems, but for the better- 
ment of general business methods. 

A periodical audit made by us is an insurance against defalcations 
and mistakes, and its moral effect on employees increases their 
efficiency. 

Our reports are used by financial institutions and others 
in combining and refinancing business industries ; also by 
mercantile agencies, banks and dealers as a basis for credit. 

The affairs of our clients are strictly confidential. 



PERLEY MORSE & COMPANY 

CERTIFIED PUBLIC ACCOUNTANTS 

SIXTY-ONE SHO-A-D-WAX 

KEW YORK 

|s£CTO» . 



CABlC AOORCSS "4TAN0I1 



EXHIBIT -B" 



THE A. II. 2. MANUFACTURING COMPANY 



STATEMENT OF INCOME AND PROFIT & LOSS 



FOR THE YEAR ENDED DECEMBER 31. 19**. 



GROSS SALES , 

Less:- Returns and Allowances . . , 
NET SALES 

COST OF GOODS SOLD, ^ • . . 

GROSS EARNINGS FROM SALES 

SELLING EXPENSES. 

NET EARNINGS FROM SALES 

ADMINISTRATION AND GENERAL EXPENSES . 

NET EARNINGS . . . . , 

OTHER INCOME . , 

GROSS INCOME. , 

CHARGES AGAINST INCOME 

NET INCOME. . , 

FIXED CHARGES; - 

Interest on Bonds 

TOTAL FIXED CHARGES 

NET PROFIT FOR PERIOD (Applicable to 
Dividends, etc.)., 

DIVIDENDS PAID. 

RESERVES - FOR RENEWALS , etc. ... . 

TOTAL DIVIDENDS AND RESERVES 

SURPLUS FOR THE PERIOD. 

SURPLUS OF PRIOR PERIOD 

TOTAL SURPLUS per EXHIBIT "A" . . . ~ 



|$726,204 
17.695 



$-37,500 



$ 36,000 
30.000 



$708,509 
490,571 



$217,937 
36,346 



$181,590 
50,020 



$131,570 
1,220 



00 



$132,790 

6,185 



$126,604 



37.500 



$ 89,104 



66,000 



$ 23,104 
210,727 



$233,832 



100.0$ 

69.24$ 



86 



00 



36 



30.76$ 
5.13$ 



25.63$ 
7.06$ 



18.57$ 
.17$ 



18.74$ 
.87$ 



17.87$ 



5.29$ 



12.58$ 



ON the opposite page is a photographic copy of a Statement of 
Income and Profit & Loss prepared by us. This, together 
with the accompanying General Balance Sheet as shown on page two, 
always forms a part of our report on an audit or investigation. The 
item of Cost of Goods Sold is supported by a schedule, showing the 
detail of cost. 

You will note in this Exhibit that Gross Sales less Returns and 
Allowances makes Net Sales ($708,509.25), which is one hundred per 
cent (100%) and that the Cost of Goods Sold ($490,571.80) is sixty- 
nine and twenty-four hundredths per cent (69.24%), making Gross 
Earnings from Sales or Gross Profit ($217,937.45) thirty and seventy- 
six hundredths per cent (30.76%). 

Most business men are keen on reducing Selling Expenses and 
Administration and General Expenses and do not pay sufficient at- 
tention to the more important item of Cost of Goods Sold. 

Cost of Goods Sold is composed of Cost of Material, Labor and 
Overhead Expense. The latter is difficult to compute. Do you know 
the amount thereof in your business? 

We contend in a general way that Selling Expenses and Admin- 
istration and General Expenses are immaterial, provided the Sales 
are boosted and the Cost of Goods Sold kept within bounds or reduced, 
and the right percentage of Gross Profit obtained. Do you know the 
Cost of the Commodities you sell and the Gross Profit obtained? This 
is of prime importance. 

The installation of a correct Cost System and periodical audits by 
competent and reliable Certified Public Accountants keep you in- 
formed. 

In these times of keen competition you should control the Cost of the 
Commodities which you sell. Your competitors control the price you get 
for them. 



INTEREST ON ONE DOLLAR 





RATE 




Days 




Days 


1% 


m% 


2% 


2V 2 % 


3% 


8H% ! 


4% 


V/2% 


5% 


1 


.0000274 


.0000411 


.0000548 


.0000685 


.0000822 


.0000959 


.0001096 


.0001233 


.0001370 


1 


2 


.0000548 


.0000822 


.0001096 


.0001370 


.0001644 


.0001918 


.0002192 


.0002466 


.0002740 


2 


3 


.0000822 


.0001233 


.0001644 


.0002055 


.0002466 


.0002877 


.0003288 


.0003699 


.0004110 


3 


4 


.0001096 


.0001644 


.0002192 


.0002740 


.0003288 


.0003836 


.0004384 


.0004932 


.0005479 


4 


5 


.0001370 


.0002055 


.0002740 


.0003425 


.0004110 


.0004795 


.0005479 


.0006164 


.0006849 


5 


6 


.0001644 


.0002466 


.0003288 


.0004110 


.0004932 


. 0005753 


.0006575 


.0007397 


. 0008219 


6 


7 


.0001918 


.0002877 


.0003836 


.0004795 


.0005753 


.0006712 


.0007671 


.0008630 


.0009589 


7 


8 


.0002192 


.0003288 


.0004384 


.0005479 


.0006575 


.0007671 


.0008767 


. 0009863 


.0010959 


8 


9 


.0002466 


.0003699 


.0004932 


.0006164 


.0007397 


.0008630 


.0009863 


.0011096 


.0012329 


9 


10 


.0002740 


.0004110 


.0005479 


.0006849 


.0008219 


.0009589 


.0010959 


.0012329 


.0013699 


10 


11 


.0003014 


.0004521 


.0006027 


.0007534 


.0009041 


.0010548 


.0012055 


.0013562 


.0015068 


11 


13 


.0003288 


.0004932 


.0006575 


.0008219 


.0009863 


.0011507 


.0013151 


.0014795 


.0016438 


12 


13 


.0003562 


.0005342 


.0007123 


.0008904 


.0010885 


.0012466 


.0014247 


.0016027 


.0017808 


13 


14 


.0003836 


.0005753 


.0007671 


.0009589 


.0011507 


. 0013425 


.0015342 


.0017260 


.0019178 


14 


15 


.0004110 


.0006164 


.0008219 


.0010274 


. 0012329 


.0014384 


.0016438 


.0018493 


.0020548 


15 


16 


.0004384 


.0006575 


.0008767 


.0010959 


.0013151 


.0015342 


.0017534 


.0019726 


.0021918 


16 


17 


. 0004658 


.0006986 


.0009315 


.0011644 


.0013973 


.0016301 


. 0018630 


. 0020959 


.0023288 


17 


18 


.0004932 


.0007397 


.0009863 


.0012329 


.0014795 


.0017260 


.0019728 


.0022192 


.0024658 


18 


19 


. 0005205 


.0007808 


.0010411 


.0013014 


.0015616 


.0018219 


.0020822 


.0023425 


.0026027 


19 


20 


.0005479 


. 0008219 


.0010959 


.0013699 


.0016438 


.0019178 


.0021918 


.0024658 


.0027397 


20 


21 


.0005753 


.0008630 


.0011507 


.0014384 


.0017260 


.0020137 


.0023014 


.0025890 


.0028767 


21 


22 


.0006027 


.0009041 


. 0012055 


.0015068 


0018082 


. 0021096 


.0024110 


.0027123 


. 0030137 


22 


23 


.0006301 


.0009452 


.0012603 


. 0015753 


.0018904 


.0022055 


.0025205 


.0028356 


.0031507 


23 


24 


.0006575 


.0009863 


.0013151 


.0016438 


.0019726 


.0023014 


.0026301 


.0029589 


.0032877 


24 


25 


.0006849 


. 0010274 


.0013699 


.0017123 


. 0020548 


.0023973 


.0027397 


.0030822 


.0034247 


25 


26 


.0007123 


. 0010685 


. 0014247 


.0017808 


.0021370 


.0024932 


.0028493 


.0032055 


.0035616 


26 


27 


. 0007397 


.0011096 


.0014795 


.0018493 


. 0022192 


.0025890 


.0029589 


. 0033288 


.0036986 


27 


28 


.0007671 


.0011507 


. 0015342 


.0019178 


. 0023014 


. 0026849 


.0030685 


. 0034521 


.0038356 


28 


29 


. 0007945 


.0011918 


. 0015890 


. 0019863 


.0023836 


.0027808 


.0031781 


. 0035753 


. 0039726 


29 


30 


.0008219 


. 0012329 


T0016438 


.0020548 


.0024658 


.0028767 


.0032877 


.0036986 


.0041096 


30 


31 


.0008493 


.0012740 


. 0016986 


. 0021233 


.0025479 


.0029726 


.0033973 


. 0038219 


. 0042466 


31 


32 


.0008767 


.0013151 


.0017534 


.0021918 


.0026301 


. 0030685 


. 0035068 


.0039452 


.0043836 


32 


33 


. 0009041 


.0013562 


.0018082 


.0022603 


.0027123 


.0031644 


.0038164 


. 0040685 


.0045205 


33 


34 


.0009315 


.0013973 


. 0018630 


.0023288 


.0027945 


. 0032603 


.0037260 


.0041918 


. 0046575 


34 


35 


.0009589 


. 0014384 


.0019178 


. 0023973 


.0028767 


.0033562 


. 0038356 


.0043151 


. 0047945 


35 




1% 


iy 2 % 


2% 


2V 2 % 




3^% 


4% 


±V2% 


5% 





INTEREST ON ONE DOLLAR 





RATE 




Days 




Days 


5^% 


6% 


6^% 


7% 


7M% 


8% 


sy 2 7o 


9% 


*y 2 % 


1 


.0001507 


.0001644 


.0001781 


.0001918 


.0002055 


.0002192 


.0002329 


.0002466 


.0002603 


1 


2 


. 0003014 


.0003288 


.0003562 


.0003836 


.0004110 


.0004384 


. 0004658 


.0004932 


. 0005205 


2 


3 


.0004521 


.0004932 


.0005342 


.0005753 


.0006164 


.0006575 


.0006986 


.0007397 


.0007808 


3 


4 


.0006027 


.0006575 


.0007123 


.0007671 


.0008219 


.0008767 


.0009315 


.0009863 


.0010411 


4 


5 


.0007534 


.0008219 


.0008904 


.0009589 


.0010274 


.0010959 


.0011644 


.0012329 


.0013014 


5 


6 


. 0009041 


.0009863 


.0010685 


.0011507 


.0012329 


.0013151 


.0013973 


.0014795 


.0015616 


6 


7 


.0010548 


.0011507 


.0012466 


.0013425 


.0014384 


.0015342 


.0016301 


.0017260 


.0018219 


7 


8 


.0012055 


.0013151 


.0014247 


.0015342 


.0016438 


.0017534 


.0018630 


.0019726 


.0020822 


8 


9 


.0013562 


.0014795 


.0016027 


.0017260 


.0018493 


.0019726 


.0020959 


.0022192 


.0023425 


9 


10 


.0015068 


.0016438 


.0017808 


.0019178 


.0020548 


.0021918 


.0023288 


.0024658 


.0026027 


10 


11 


.0016575 


.0018082 


.0019589 


.0021096 


.0022603 


.0024110 


.0025616 


.0027123 


.0028630 


11 


12 


.0018082 


.0019726 


.0021370 


.0023014 


.0024658 


.0026301 


.0027945 


.0029589 


.0031233 


12 


13 


.0019589 


.0021370 


.0023151 


. 0024932 


.0026712 


.0028493 


.0030274 


.0032055 


.0033836 


13 


14 


.0021096 


.0023014 


.0024932 


.0026849 


.0028767 


.0030685 


.0032603 


.0034521 


.0036438 


14 


15 


.0022603 


.0024658 


.0026712 


.0028767 


.0030822 


.0032877 


.0034932 


.0036986 


.0039041 


15 


16 


.0024110 


.0026301 


.0028493 


.0030685 


.0032877 


.0035068 


.0037260 


.0039452 


.0041644 


16 


17 


.0025616 


.0027945 


.0030274 


.0032603 


.0034932 


.0037260 


.0039589 


.0041918 


.0044247 


17 


18 


.0027123 


.0029589 


.0032055 


.0034521 


.0036986 


.0039452 


.0041918 


.0044384 


.0046849 


18 


19 


.0028630 


.0031233 


.0033836 


.0036438 


.0039041 


.0041644 


.0044247 


.0046849 


.0049452 


19 


20 


.0030137 


.0032877 


.0035616 


.0038356 


.0041096 


.0043836 


.0046575 


.0049315 


.0052055 


20 


21 


.0031644 


.0034521 


.0037397 


.0040274 


.0043151 


.0046027 


.0048904 


.0051781 


.0054658 


21 


22 


.0033151 


.0036164 


.0039178 


.0042192 


.0045205 


.0048219 


.0051233 


.0054247 


.0057260 


22 


23 


.0034658 


.0037808 


.0040959 


.0044110 


.0047260 


.0050411 


.0053562 


.0056712 


.0059863 


23 


24 


.0036164 


.0039452 


.0042740 


.0046027 


.0049315 


.0052603 


.0055890 


.0059178 


. 0062466 


24 


25 


.0037671 


.0041096 


.0044521 


.0047945 


.0051370 


.0054795 


.0058219 


.0061644 


.0065068 


25 


26 


.0039178 


.0042740 


.0046301 


.0049863 


.0053425 


.0056986 


.0060548 


.0064110 


.0067671 


26 


27 


.0040685 


.0044384 


.0048082 


.0051781 


.0055479 


.0059178 


.0062877 


.0066575 


.0070274 


27 


28 


.0042192 


.0046027 


.0049863 


.0053699 


.0057534 


.0061370 


.0065205 


.0069041 


.0072877 


28 


29 


.0043699 


.0047671 


.0051644 


.0055616 


.0059589 


.0063562 


.0067534 


.0071507 


.0075479 


29 


30 


.0045205 


.0049315 


.0053425 


.0057534 


.0061644 


.0065753 


.0069863 


.0073973 


.0078082 


30 


31 


.0046712 


.0050959 


.0055205 


.0059452 


.0063699 


.0067945 


.0072192 


.0076438 


.0080685 


31 


32 


.0048219 


.0052603 


.0056986 


.0061370 


.0065753 


.0070137 


.0074521 


.0078904 


.0083288 


32 


33 


.0049726 


.0054247 


.0058767 


.0063288 


.0067808 


.0072329 


.0076849 


.0081370 


.0085890 


33 


34 


.0051233 


.0055890 


.0060548 


.0065205 


.0069863 


.0074521 


.0079178 


.0083836 


.0088493 


34 


35 


.0052740 


.0057534 


.0062329 


.0067123 


.0071918 


.0076712 


.0081507 


.0086301 


.0091096 


35 




5V 2 % 


6% • 


6^% 


7% 


iy 2 % 


8% 


83^% 


* /o 


VA% 





INTEREST ON ONE DOLLAR 





BATE 




Days 




Days 






















1% 


1K% 


3% 


%V2% 


3% 


3^% 


4% 


±V2% 


5% 




36 


.0009863 


.0014795 


.0019726 


.0024658 


.0029589 


.0034521 


.0039452 


.0044384 


.0049315 


36 


37 


.0010137 


.0015205 


.0020274 


.0025342 


.0030411 


.0035479 


.0040548 


.0045616 


.0050685 


37 


38 


.0010411 


.0015616 


.0020822 


.0026027 


.0031233 


.0036438 


.0041644 


.0046849 


.0052055 


38 


39 


.0010685 


.0016027 


.0021370 


.0026712 


.0032055 


.0037397 


.0042740 


.0048082 


.0053425 


39 


40 


.0010959 


.0016438 


.0021918 


.0027397 


.0032877 


.0038356 


.0043836 


.0049315 


.0054795 


40 


41 


.0011233 


.0016849 


.0022466 


.0028082 


.0033699 


.0039315 


.0044932 


.0050548 


.0056164 


41 


42 


.0011507 


.0017260 


.0023014 


.0028767 


.0034521 


.0040274 


.0046027 


.0051781 


.0057534 


42 


43 


.0011781 


.0017671 


.0023562 


.0029452 


.0035342 


.0041233 


.0047123 


.0053014 


.0058904 


43 


44 


.0012055 


.0018082 


.0024110 


.0030137 


.0036164 


.0042192 


.0048219 


.0054247 


.0060274 


44 


45 


.0012329 


.0018493 


.0024658 


.0030822 


.0036986 


.0043151 


.0049315 


.0055479 


.0061644 


45 


46 


.0012603 


.0018904 


.0025205 


.0031507 


.0037808 


.0044110 


.0050411 


.0056712 


.0063014 


46 


47 


.0012877 


.0019315 


.0025753 


.0032192 


.0038630 


.0045068 


.0051507 


.0057945 


.0064384 


47 


48 


.0013151 


.0019726 


.0026301 


.0032877 


.0039452 


.0046027 


.0052603 


.0059178 


.0065753 


48 


49 


.0013425 


.0020137 


.0026849 


.0033562 


.0040274 


.0046986 


.0053699 


.0060411 


.0067123 


49 


50 


.0013699 


.0020548 


.0027397 


.0034247 


.0041096 


.0047945 


.0054795 


.0061644 


.0068493 


50 


51 


.0013973 


.0020959 


.0027945 


.0034932 


.0041918 


.0048904 


.0055890 


.0062877 


.0069863 


51 


52 


.0014247 


.0021370 


.0028493 


.0035616 


.0042740 


.0049863 


.0056986 


.0064110 


.0071233 


52 


53 


.0014521 


.0021781 


.0029041 


.0036301 


.0043562 


.0050822 


.0058082 


.0065342 


.0072603 


53 


54 


.0014795 


.0022192 


.0029589 


.0036986 


.0044384 


.0051781 


.0059178 


.0066575 


.0073973 


54 


55 


.0015068 


.0022603 


.0030137 


.0037671 


.0045205 


.0052740 


.0060274 


.0067808 


.0075342 


55 


56 


.0015342 


.0023014 


.0030685 


.0038356 


.0046027 


.0053699 


.0061370 


.0069041 


.0076712 


56 


57 


.0015616 


.0023425 


.0031233 


.0039041 


.0046849 


.0054658 


.0062466 


.0070274 


.0078082 


57 


58 


.0015890 


.0023836 


.0031781 


.0039726 


.0047671 


.0055616 


.0063562 


.0071507 


.0079452 


58 


59 


.0016164 


.0024247 


.0032329 


.0040411 


.0048493 


.0056575 


.0064658 


.0072740 


.0080822 


59 


60 


.0016438 


.0024658 


.0032877 


.0041096 


.0049315 


.0057534 


.0065753 


.0073973 


.0082192 


60 


61 


.0016712 


.0025068 


.0033425 


.0041781 


.0050137 


.0058493 


.0066849 


.0075205 


.0083562 


61 


62 


.0016986 


.0025479 


.0033973 


.0042466 


.0050959 


.0059452 


.0067945 


.0076438 


.0084932 


62 


63 


.0017260 


.0025890 


.0034521 


.0043151 


.0051781 


.0060411 


.0069041 


.0077671 


.0086301 


63 


64 


.0017534 


.0026301 


.0035068 


.0043836 


.0052603 


.0061370 


.0070137 


.0078904 


.0087671 


64 


65 


.0017808 


.0026712 


.0035616 


.0044521 


.0053425 


.0062329 


.0071233 


.0080137 


.0089041 


65 


66 


.0018082 


.0027123 


.0036164 


.0045205 


.0054247 


.0063288 


.0072329 


.0081370 


.0090411 


66 


67 


.0018356 


.0027534 


.0036712 


.0045890 


.0055068 


.0064247 


.0073425 


.0082603 


.0091781 


67 


68 


.0018630 


.0027945 


.0037260 


.0046575 


.0055890 


.0065205 


.0074521 


.0083836 


.0093151 


68 


69 


.0018904 


.0028356 


.0037808 


.0047260 


.0056712 


.0066164 


.0075616 


.0085068 


.0094521 


69 


70 


.0019178 


.0028767 


.0038356 


.0047945 


.0057534 


.0067123 


.0076712 


.0086301 


.0095890 


70 




1% 


iy 2 % 


3% 


2V 2 % 


3% 


3^% 


4% 


±V2% 


5% 





INTEREST ON ONE DOLLAR 





BATE 




Days 




Days 


5H% 


6% 


VA% 


m 


^A% 


8% 


sy 2 % 


9% 


9y 2 % 


36 


.0054247 


.0059178 


.0064110 


.0069041 


.0073973 


.0078904 


.0083836 


.0088767 


.0093699 


36 


37 


.0055753 


.0060822 


.0065890 


.0070959 


.0076027 


.0081096 


.0086164 


.0091233 


.0096301 


37 


38 


.0057260 


.0062466 


.0067671 


.0072877 


.0078082 


.0083288 


.0088493 


.0093699 


.0098904 


38 


39 


.0058767 


.0064110 


.0069452 


.0074795 


.0080137 


.0085479 


.0090822 


.0096164 


.0101507 


39 


40 


.0060274 


.0065753 


.0071233 


.0076712 


.0082192 


.0087671 


.0093151 


.0098630 


.0104110 


40 


41 


.0061781 


.0067397 


.0073014 


.0078630 


.0084247 


.0089863 


.0095479 


.0101096 


.0106712 


41 


42 


.0063288 


.0069041 


.0074795 


.0080548 


.0086301 


.0092055 


.0097808 


.0103562 


.0109315 


42 


43 


.0064795 


.0070685 


.0076575 


.0082466 


.0088356 


.0094247 


.0100137 


.0106027 


.0111918 


43 


44 


.0066301 


.0072329 


.0078356 


.0084384 


.0090411 


.0096438 


.0102466 


.0108493 


.0114521 


44 


45 


.0067808 


.0073973 


.0080137 


.0086301 


.0092466 


.0098630 


.0104795 


.0110959 


.0117123 


45 


46 


.0069315 


.0075616 


.0081918 


.0088219 


.0094521 


.0100822 


.0107123 


.0113425 


.0119726 


46 


47 


.0070822 


.0077260 


.0083699 


.0090137 


.0096575 


.0103014 


. 0109452 


.0115890 


.0122329 


47 


48 


.0072329 


.0078904 


.0085479 


.0092055 


.0098630 


.0105205 


.0111781 


.0118356 


.0124932 


48 


49 


.0073836 


.0080548 


.0087260 


.0093973 


.0100685 


.0107397 


.0114110 


.0120822 


.0127534 


49 


50 


.0075342 


.0082192 


.0089041 


.0095890 


.0102740 


.0109589 


.0116438 


.0123288 


.0130137 


50 


51 


.0076849 


.0083836 


.0090822 


.0097808 


.0104795 


.0111781 


.0118767 


.0125753 


.0132740 


51 


52 


.0078356 


.0085479 


.0092603 


.0099726 


.0106849 


.0113973 


.0121096 


. 0128219 


.0135342 


52 


53 


.0079863 


.0087123 


.0094384 


.0101644 


.0108904 


.0116164 


.0123425 


.0130685 


.0137945 


53 


54 


.0081370 


.0088767 


.0096164 


.0103562 


.0110959 


.0118356 


. 0125753 


.0133151 


.0140548 


54 


55 


.0082877 


.0090411 


.0097945 


.0105479 


.0113014 


.0120548 


.0128082 


.0135616 


.0143151 


55 


56 


.0084384 


.0092055 


.0099726 


.0107397 


.0115068 


.0122740 


.0130411 


.0138082 


.0145753 


56 


57 


.0085890 


.0093699 


.0101507 


.0109315 


.0117123 


.0124932 


.0132740 


.0140548 


.0148356 


57 


58 


.0087397 


.0095342 


.0103288 


.0111233 


.0119178 


.0127123 


.0135068 


.0143014 


.0150959 


58 


59 


.0088904 


.0096986 


.0105068 


.0113151 


.0121233 


.0129315 


.0137397 


.0145479 


.0153562 


59 


60 


.0090411 


.0098630 


.0106849 


.0115068 


.0123288 


.0131507 


.0139726 


.0147945 


.0156164 


60 


61 


.0091918 


.0100274 


.0108630 


.0116986 


.0125342 


.0133699 


.0142055 


.0150411 


.0158767 


61 


62 


.0093425 


.0101918 


.0110411 


.0118904 


.0127397 


.0135890 


.0144384 


.0152877 


.0161370 


v (52 


63 


.0094932 


.0103562 


.0112192 


.0120822 


.0129452 


.0138082 


.0146712 


.0155342 


.0163973 


63 


64 


.0096438 


.0105205 


.0113973 


.0122740 


.0131507 


.0140274 


.0149041 


.0157808 


.0166575 


64 


65 


.0097945 


.0106849 


.0115753 


.0124658 


.0133562 


.0142466 


.0151370 


.0160274 


.0169178 


65 


66 


.0099452 


.0108493 


.0117534 


.0126575 


.0135616 


.0144658 


.0153699 


.0162740 


.0171781 


66 


67 


.0100959 


.0110137 


.0119315 


.0128493 


.0137671 


.0146849 


.0156027 


.0165205 


.0174384 


67 


68 


.0102466 


.0111781 


.0121096 


.0130411 


.0139726 


.0149041 


.0158356 


.0167671 


.0176986 


68 


69 


.0103973 


.0113425 


.0122877 


.0132329 


.0141781 


.0151233 


.0160685 


.0170137 


.0179589 


69 


70 


.0105479 


.0115068 


.0124658 


.0134247 


.0143836 


.0153425 


.0163014 


.0172603 


.0182192 


70 




5V 2 % 


6% 


6^% 


7% 


1V2% 


8% 


SV 2 % 


9% 


9K% 





10 



INTEREST ON ONE DOLLAR 





RATE 




Days 




Days 






















1% 


iy 2 % 


3% 


m% 


3% 


3^% 


4% 


4K% 


5% 




71 


.0019452 


.0029178 


.0038904 


.0048630 


.0058356 


.0068082 


.0077808 


.0087534 


. 0097260 


71 


73 


.0019726 


.0029589 


.0039452 


.0049315 


.0059178 


.0069041 


.0078904 


.0088767 


.0098630 


73 


73 


.0020000 


.0030000 


.0040000 


.0050000 


.0060000 


.0070000 


.0080000 


.0090000 


.0100000 


73 


*4 


.0020274 


.0030411 


.0040548 


.0050685 


.0060822 


. 0070959 


.0081096 


.0091233 


.0101370 


74 


75 


.0020548 


.0030822 


.0041096 


.0051370 


.0061644 


.0071918 


.0082192 


.0092466 


.0102740 


75 


76 


. 0020822 


.0031233 


.0041644 


.0052055 


.0062466 


.0072877 


.0083288 


.0093699 


.0104110 


76 


77 


.0021096 


.0031644 


.0042192 


.0052740 


.0063288 


.0073836 


.0084384 


.0094932 


. 0105479 


77 


78 


.0021370 


.0032055 


.0042740 


.0053425 


.0064110 


.0074795 


.0085479 


.0096164 


.0106849 


78 


79 


.0021644 


.0032466 


.0043288 


.0054110 


.0064932 


.0075753 


.0086575 


. 0097397 


.0108219 


79 


80 


.0021918 


.0032877 


.0043836 


.0054795 


.0065753 


.0076712 


.0087671 


.0098630 


.0109589 


80 


81 


.0022192 


.0033288 


.0044384 


.0055479 


.0066575 


.0077671 


.0088767 


.0099863 


.0110959 


81 


83 


. 0022466 


.0033699 


.0044932 


.0056164 


.0067397 


.0078630 


.0089863 


.0101096 


.0112329 


83 


83 


.0022740 


.0034110 


.0045479 


.0056849 


.0068219 


. 0079589 


.0090959 


.0102329 


.0113699 


83 


84 


.0023014 


.0034521 


.0046027 


.0057534 


.0069041 


.0080548 


.0092055 


.0103562 


.0115068 


84 


85 


.0023288 


.0034832 


.0046575 


.0058219 


.0069863 


.0081507 


.0093151 


.0104795 


.0116438 


85 


86 


.0023562 


.0035342 


.0047123 


.0058904 


.0070685 


.0082466 


.0094247 


. 0106027 


.0117808 


86 


87 


.0023836 


.0035753 


.0047671 


.0059589 


.0071507 


.0083425 


.0095342 


.0107260 


.0119178 


87 


88 


.0024110 


.0036164 


. 0048219 


.0060274 


.0072329 


.0084384 


.0096438 


.0108493 


.0120548 


88 


89 


. 0024384 


. 0036575 


.0048767 


.0060959 


.0073151 


.0085342 


.0097534 


.0109726 


.0121918 


89 


90 


. 0024658 


.0036986 


.0049315 


.0061644 


.0073973 


.0086301 


.0098630 


.0110959 


.0123288 


90 


91 


.0024932 


.0037397 


.0049863 


. 0062329 


.0074795 


.0087260 


.0099726 


.0112192 


.0124658 


91 


93 


. 0025205 


.0037808 


.0050411 


.0063014 


.0075616 


. 0088219 


.0100822 


.0113425 


. 0126027 


93 


93 


.0025479 


. 0038219 


.0050959 


.0063699 


.0076438 


.0089178 


.0101918 


.0114658 


.0127397 


93 


94 


.0025753 


.0038630 


.0051507 


.0064384 


.0077260 


.0090137 


.0103014 


.0115890 


.0128767 


94 


95 


.0026027 


.0039041 


.0052055 


. 0065068 


.0078082 


.0091096 


.0104110 


.0117123 


.0130137 


95 


96 


.0026301 


. 0039452 


.0052603 


.0065753 


.0078904 


.0092055 


.0105205 


.0118356 


.0131507 


96 


97 


.0026575 


.0039863 


.0053151 


.0066438 


.0079726 


.0093014 


.0106301 


.0119589 


. 0132877 


97 


98 


.0026849 


. 0040274 


.0053699 


. 0067123 


.0080548 


.0093973 


.0107397 


.0120822 


.0134247 


98 


99 


.0027123 


.0040685 


. 0054247 


.0067808 


.0081370 


.0094932 


.0108493 


.0122055 


.0135616 


99 


100 


. 0027397 


.0041096 


.0054795 


.0068493 


.0082192 


.0095890 


.0109589 


.0123288 


.0136986 


100 


101 


.0027671 


.0041507 


.0055342 


.0069178 


.0083014 


. 0096849 


.0110685 


.0124521 


.0138356 


101 


103 


.0027945 


.0041918 


.0055890 


.0069863 


.0083836 


.0097808 


.0111781 


.0125753 


.0139726 


103 


103 


.0028219 


.0042329 


.0056438 


.0070548 


.0084658 


.0098767 


.0112877 


. 0126986 


.0141096 


103 


104 


.0028493 


.0042740 


.0056986 


.0071233 


.0085479 


.0099726 


.0113973 


.0128219 


.0142466 


104 


105 


.0028767 


.0043151 


.0057534 


.0071918 


.0086301 


.0100685 


.0115068 


.0129452 


.0143836 


105 




1% 


m% 


3% 


3^% 


3% 


VA% 


4% 


4^% 


5% 





INTEREST ON ONE DOLLAR 



11 





RATE 




Days 




Days 


5^% 


6% 


6^% 


7% 


VA% 


8% 


sy 2 % 


9% 


9K% 


71 


.0106986 


.0116712 


.0126438 


.0136164 


.0145890 


.0155616 


.0165342 


.0175068 


.0184795 


71 


73 


.0108493 


.0118356 


.0128219 


.0138082 


.0147945 


.0157808 


.0167671 


.0177534 


.0187397 


73 


73 


.0110000 


.0120000 


.0130000 


.0140000 


.0150000 


.0160000 


.0170000 


.0180000 


.0190000 


73 


74 


.0111507 


.0121644 


.0131781 


.0141918 


.0152055 


.0162192 


.0172329 


.0182466 


.0192603 


74 


75 


.0113014 


.0123288 


.0133562 


.0143836 


.0154110 


.0164384 


.0174658 


.0184932 


.0195205 


75 


76 


.0114521 


.0124932 


.0135342 


.0145753 


.0156164 


.0166575 


.0176986 


.0187397 


.0197808 


76 


77 


.0116027 


.0126575 


.0137123 


.0147671 


.0158219 


.0168767 


.0179315 


.0189863 


.0200411 


77 


78 


.0117534 


.0128219 


.0138904 


.0149589 


.0160274 


.0170959 


.0181644 


.0192329 


.0203014 


78 


79 


.0119041 


.0129863 


.0140685 


.0151507 


.0162329 


.0173151 


.0183973 


.0194795 


.0205616 


79 


80 


.0120548 


.0131507 


.0142466 


.0153425 


.0164384 


.0175342 


.0186301 


.0197260 


.0208219 


80 


81 


.0122055 


.0133151 


.0144247 


.0155342 


.0166438 


.0177534 


.0188630 


.0199726 


.0210822 


81 


83 


.0123562 


.0134795 


. 0146027 


.0157260 


.0168493 


. 0179726 


.0190959 


.0202192 


.0213425 


83 


83 


.0125068 


.0136438 


.0147808 


.0159178 


.0170548 


.0181918 


.0193288 


.0204658 


.0216027 


83 


84 


.0126575 


.0138082 


.0149589 


.0161096 


.0172603 


.0184110 


.0195616 


.0207123 


.0218630 


84 


85 


.0128082 


.0139726 


.0151370 


.0163014 


.0174658 


.0186301 


.0197945 


.0209589 


.0221233 


85 


86 


.0129589 


.0141370 


.0153151 


.0164932 


.0176712 


.0188493 


.0200274 


.0212055 


.0223836 


86 


87 


.0131096 


.0143014 


.0154932 


.0166849 


.0178767 


.0190685 


.0202603 


.0214521 


.0226438 


87 


88 


.0132603 


.0144658 


.0156712 


.0168767 


.0180822 


.0192877 


.0204932 


.0216986 


.0229041 


88 


89 


.0134110 


.0146301 


.0158493 


.0170685 


.0182877 


.0195068 


.0207260 


.0219452 


.0231644 


89 


90 


.0135616 


.0147945 


.0160274 


.0172603 


.0184932 


.0197260 


.0209589 


.0221918 


.0234247 


90 


*>1 


.0137123 


.0149589 


.0162055 


.0174521 


.0186986 


.0199452 


.0211918 


.0224384 


.0236849 


91 


93 


.0138630 


.0151233 


.0163836 


.0176438 


.0189041 


.0201644 


.0214247 


.0226849 


.0239452 


93 


93 


.0140137 


.0152877 


.0165616 


.0178356 


.0191096 


.0203836 


.0216575 


.0229315 


.0242055 


93 


94 


.0141644 


.0154521 


.0167397 


.0180274 


.0193151 


.0206027 


.0218904 


.0231781 


.0244658 


94 


95 


.0143151 


.0156164 


.0169178 


.0182192 


.0195205 


.0208219 


.0221233 


.0234247 


.0247260 


95 


96 


.0144658 


.0157808 


.017095& 


.0184110 


.0197260 


.0210411 


.0223562 


.0236712 


.0249863 


96 


97 


.0146164 


.0159452 


.0172740 


.0186027 


.0199315 


.0212603 


.0225890 


.0239178 


.0252466 


97 


98 


.0147671 


.0161096 


.0174521 


.0187945 


.0201370 


.0214795 


.0228219 


.0241644 


.0255068 


98 


99 


.0149178 


.0162740 


.0176301 


.0189863 


.0203425 


.0216986 


.0230548 


.0244110 


.0257671 


99 


100 


.0150685 


.0164384 


.0178082 


.0191781 


.0205479 


.0219178 


.0232877 


.0246575 


.0260274 


100 


101 


.0152192 


.0166027 


.0179863 


.0193699 


.0207534 


.0221370 


.0235205 


.0249041 


.0262877 


101 


102 


.0153699 


.0167671 


.0181644 


.0195616 


.0209589 


.0223562 


.0237534 


.0251507 


.0265479 


103 


103 


.0155205 


.0169315 


.0183425 


.0197534 


.0211644 


.0225753 


.0239863 


.0253973 


.0268082 


103 


104 


.0156712 


.0170959 


.0185205 


.0199452 


.0213699 


.0227945 


.0242192 


.0256438 


.0270685 


104 


105 


.0158219 


.0172603 


.0186986 


.0201370 


.0215753 


.0230137 


.0244521 


.0258904 


.0273288 


105 




5^% 


6% 


6^% 


7% j iH7o 


8% 


sy 2 % 


9% 


9V 2 % 





12 



INTEREST ON ONE DOLLAR 





RATE 




Days 




Days 






















1% 


1)4% 


2% 


W2% 


3% 


3M% 


4% 


4^% 


5% 




106 


.0029041 


.0043562 


.0058082 


.0072603 


.0087123 


.0101644 


.0116164 


.0130685 


.0145205 


106 


107 


.0029315 


.0043973 


.0058630 


.0073288 


.0087945 


.0102603 


.0117260 


.0131918 


.0146575 


107 


108 


.0029589 


.0044384 


.0059178 


.0073973 


.0088767 


.0103562 


.0118356 


.0133151 


.0147945 


108 


109 


.0029863 


.0044795 


.0059726 


.0074658 


.0089589 


.0104521 


.0119452 


.0134384 


.0149315 


109 


110 


.0030137 


.0045205 


.0060274 


.0075342 


.0090411 


.0105479 


.0120548 


.0135616 


.0150685 


110 


111 


.0030411 


.0045616 


.0060822 


.0076027 


.0091233 


.0106438 


.0121644 


.0136849 


.0152055 


111 


112 


.0030685 


.0046027 


.0061370 


.0076712 


.0092055 


.0107397 


.0122740 


.0138082 


.0153425 


112 


113 


.0030959 


. 0046438 


.0061918 


.0077397 


.0092877 


.0108356 


.0123836 


.0139315 


.0154795 


113 


114 


.0031233 


.0046849 


.0062466 


.0078082 


.0093699 


.0109315 


.0124932 


.0140548 


.0156164 


114 


115 


.0031507 


.0047260 


.0063014 


.0078767 


.0094521 


.0110274 


.0126027 


.0141781 


.0157534 


115 


116 


.0031781 


.0047671 


.0063562 


.0079452 


.0095342 


.0111233 


.0127123 


.0143014 


.0158904 


116 


117 


.0032055 


. 0048082 


.0064110 


.0080137 


.0096164 


.0112192 


.0128219 


.0144247 


.0160274 


117 


118 


.0032329 


.0048493 


.0064658 


.0080822 


.0096986 


.0113151 


.0129315 


.0145479 


.0161644 


118 


119 


.0032603 


.0048904 


. 0065205 


.0081507 


.0097808 


.0114110 


.0130411 


.0146712 


.0163014 


119 


120 


.0032877 


.0049315 


.0065753 


.0082192 


.0098630 


.0115068 


.0131507 


.0147945 


.0164384 


120 


121 


.0033151 


.0049726 


.0066301 


.0082877 


.0099452 


.0116027 


.0132603 


.0149178 


.0165753 


121 


122 


.0033425 


.0050137 


.0066849 


.0083562 


.0100274 


.0116986 


.0133699 


.0150411 


.0167123 


122 


123 


.0033699 


.0050548 


. 0067397 


. 0084247 


.0101096 


.0117945 


. 0134795 


.0151644 


.0168493 


123 


134 


.0033973 


.0050959 


.0067945 


. 0084932 


.0101918 


.0118904 


.0135890 


.0152877 


.0169863 


124 


125 


.0034247 


.0051370 


.0068493 


.0085616 


.0102740 


.0119863 


.0136986 


.0154110 


.0171233 


125 


126 


.0034521 


.0051781 


.0069041 


.0086301 


.0103562 


.0120822 


.0138082 


.0155342 


.0172603 


126 


127 


.0034795 


.0052192 


. 0069589 


.0086986 


.0104384 


.0121781 


.0139178 


.0156575 


.0173973 


127 


128 


.0035068 


.0052603 


.0070137 


.0087671 


.0105205 


. 0122740 


.0140274 


. 0157808 


.0175342 


128 


129 


.0035342 


.0053014 


.0070685 


.0088356 


.0106027 


. 0123699 


.0141370 


.0159041 


.0176712 


129 


130 


.0035616 


.0053425 


.0071233 


.0089041 


.0106849 


.0124658 


.0142466 


.0160274 


.0178082 


130 


131 


.0035890 


.0053836 


.0071781 


.0089726 


.0107671 


.0125616 


.0143562 


.0161507 


.0179452 


131 


132 


.0036164 


.0054247 


.0072329 


.0090411 


.0108493 


.0126575 


. 0144658 


.0162740 


. 0180822 


132 


133 


.0036438 


.0054658 


. 0072877 


.0091096 


.0109315 


.0127534 


.0145753 


. 0163973 


.0182192 


133 


134 


.0036712 


.0055068 


.0073425 


.0091781 


.0110137 


.0128493 


.0146849 


.0165205 


.0183562 


134 


135 


.0036986 


.0055479 


.0073973 


.0092466 


.0110959 


.0129452 


.0147945 


.0166438 


.0184932 


135 


136 


.0037260 


.0055890 


.0074521 


.0093151 


.0111781 


.0130411 


.0149041 


.0167671 


.0186301 


136 


137 


.0037534 


.0056301 


.0075068 


.0093836 


.0112603 


.0131370 


.0150137 


.0168904 


.0187671 


137 


138 


.0037808 


.0056712 


.0075616 


.0094521 


.0113425 


.0132329 


.0151233 


.0170137 


.0189041 


138 


139 


.0038082 


.0057123 


.0076164 


.0095205 


.0114247 


.0133288 


.0152329 


.0171370 


.0190411 


139 


140 


.0038356 


.0057534 


.0076712 


.0095890 


.0115068 


.0134247 


.0153425 


.0172603 


.0191781 


140 




1% 


iy 2 % 


*% 


2Y2% 


3% 


^A% 


4% 


&A% 


5% 





INTEREST ON ONE DOLLAR 



13 





BATE 




Days 




Days 


5K% 


6% 


VA% 


7% 


7^% 


8% 


sy 2 % 


9% 


»H%- 


106 


.0159726 


.0174247 


.0188767 


.0203288 


.0217808 


.0232329 


.0246849 


.0261370 


.0275890 


106 


107 


.0161233 


.0175890 


.0190548 


.0205205 


.0219863 


.0234521 


.0249178 


.0263836 


.0278493 


107 


108 


.0162740 


.0177534 


.0192329 


.0207123 


.0221918 


.0236712 


.0251507 


.0266301 


.0281096 


108 


109 


.0164247 


.0179178 


.0194110 


.0209041 


.0223973 


.0238904 


.0253836 


.0268767 


.0283699 


109 


110 


.0165753 


.0180822 


.0195890 


.0210959 


.0226027 


.0241096 


.0256164 


.0271233 


.0286301 


110 


111 


.0167260 


.0182466 


.0197671 


.0212877 


.0228082 


.0243288 


.0258493 


.0273699 


.0288904 


111 


113 


.0168767 


.0184110 


.0199452 


". 0214795 


.0230137 


.0245479 


.0260822 


.0276164 


.0291507 


112 


113 


.0170274 


.0185753 


.0201233 


.0216712 


.0232192 


.0247671 


.0263151 


.0278630 


.0294110 


113* 


114 


.0171781 


.0187397 


.0203014 


.0218630 


.0234247 


.0249863 


.0265479 


.0281096 


.0296712 


114 


115 


.0173288 


.0189041 


.0204795 


.0220548 


.0236301 


.0252055 


.026780$ 


.0283562 


.0299315 


115 


116 


.0174795 


.0190685 


.0206575 


.0222466 


.0238356 


.0254247 


.0270137 


.0286027 


.0301918 


116 


117 


.0176301 


.0192329 


.0208356 


.0224384 


.0240411 


.0256438 


.0272466 


.0288493 


.0304521 


117 


118 


.0177808 


.0193973 


.0210137 


.0226301 


.0242466 


.0258630 


.0274795 


.0290959 


.0307123 


118 


119 


.0179315 


.0195616 


.0211918 


.0228219 


.0244521 


.0260822 


.0277123 


.0293425 


.0309726 


119 


120 


.0180822 


.0197260 


.0213699 


.0230137 


.0246575 


.0263014 


.0279452 


.0295890 


.0312329 


120 


121 


.0182329 


.0198904 


.0215479 


.0232055 


.0248630 


.0265205 


.0281781 


.0298356 


.0314932 


121 


122 


.0183836 


.0200548 


.0217260 


.0233973 


.0250685 


.0267397 


.0284110 


.0300822 


.0317534 


122 


123 


.0185342 


.0202192 


.0219041 


.0235890 


.0252740 


.0269589 


.0286438 


.0303288 


.0320137 


123 


124 


.0186849 


.0203836 


.0220822 


.0237808 


.0254795 


.0271781 


.0288767 


.0305753 


.0322740 


124 


125 


.0188356 


.0205479 


.0222603 


.0239726 


.0256849 


.0273973 


.0291096 


.0308219 


.0325342 


125 


126 


.0189863 


.0207123 


.0224384 


.0241644 


.0258904 


.0276164 


.0293425 


.0310685 


.0327945 


126 


127 


.0191370 


.0208767 


.0226164 


.0243562 


.0260959 


.0278356 


.0295753 


.0313151 


.0330548 


127 


128 


.0192877 


.0210411 


.0227945 


.0245479 


.0263014 


.0280548 


.0298082 


.0315616 


.0333151 


128 


129 


.0194384 


.0212055 


.0229726 


.0247397 


.0265068 


.0282740 


.0300411 


.0318082 


.0335753 


129 


130 


.0195890 


.0213699 


.0231507 


.0249315 


.0267123 


.0284932 


.0302740 


.0320548 


.0338356 


130 


131 


.0197397 


.0215342 


.0233288 


.0251233 


.0^9178 


.0287123 


.0305068 


.0323014 


.0340959 


131 


132 


.0198904 


.0216986 


.0235068 


.0253151 


.0271233 


.0289315 


.0307397 


.0325479 


.0343562 


132 


133 


.0200411 


.0218630 


.0236849 


.0255068 


.0273288 


.0291507 


.0309726 


.0327945 


.0346164 


133 


134 


.0201918 


.0220274 


.0238630 


.0256986 


.0275342 


.0293699 


.0312055 


.0330411 


.0348767 


134 


135 


.0203425 


.0221918 


.0240411 


.0258904 


.0277397 


.0295890 


.0314384 


.0332877 


.0351370 


135 


136 


.0204932 


.0223562 


.0242192 


.0260822 


.0279452 


.0298082 


.0316712 


.0335342 


.0353973 


136 


137 


.0206438 


.0225205 


.0243973 


.0262740 


.0281507 


.0300274 


.0319041 


.0337808 


.0356575 


137 


138 


.0207945 


.0226849 


.0245753 


.0264658 


.0283562 


.0302466 


.0321370 


.0340274 


.0359178 


138 


139 


.0209452 


.0228493 


.0247534 


.0266575 


.0285616 


.0304658 


.0323699 


.0342740 


.0361781 


139 


140 


.0210959 


.0230137 


.0249315 


.0268493 


.0287671 


.0306849 


.0326027 


.0345205 


.0364384 


140 




5K% 


6% 


6^% 


7% 


W 2 % 


8% 


sy 2 % 


9% 


9H% 





14 



INTEREST ON ONE DOLLAR 





RATE 




Bays 




Days 










1% 


1H% 


2% 


zy 2 % 


3% 


33^% 


4% 


4^% 


5% 




141 


.0038630 


.0057945 


.0077260 


.0096575 


.0115890 


.0135205 


.0154521 


.0173836 


.0193151 


141 


142 


.0038904 


.0058356 


.0077808 


.0097260 


.0116712 


.0136164 


.0155616 


.0175068 


.0194521 


142 


143 


.0039178 


.0058767 


.0078356 


.0097945 


.0117534 


.0137123 


.0156712 


.0176301 


.0195890 


143 


144 


.0039452 


.0059178 


.0078904 


.0098630 


.0118356 


.0138082 


.0157808 


.0177534 


.0197260 


144 


145 


.0039726 


.0059589 


.0079452 


.0099315 


.0119178 


.0139041 


.0158904 


.0178767 


.0198630 


145 


146 


.0040000 


.0060000 


.0080000 


.0100000 


.0120000 


.0140000 


.0160000 


.0180000 


.0200000 


146 


147 


.0040274 


.0060411 


.0080548 


.0100685 


.0120822 


.0140959 


.0161096 


.0181233 


.0201370 


147 


148 


. 0040548 


.0060822 


.0081096 


.0101370 


.0121644 


.0141918 


.0162192 


.0182466 


.0202740 


148 


149 


.0040822 


.0061233 


. 0081644 


.0102055 


. 0122466 


.0142877 


. 0163288 


.0183699 


.0204110 


149 


150 


.0041096 


.0061644 


.0082192 


.0102740 


. 0123288 


.0143836 


.0164384 


.0184932 


.0205479 


150 


151 


.0041370 


.0062055 


.0082740 


.0103425 


.0124110 


.0144795 


.0165479 


.0186164 


.0206849 


151 


152 


. 0041644 


.0062466 


.0083288 


.0104110 


. 0124932 


. 0145753 


.0166575 


.0187397 


.0208219 


152 


153 


.0041918 


.0062877 


.0083836 


.0104795 


.0125753 


.0146712 


.0167671 


. 0188630 


.0209589 


153 


154 


. 0042192 


.0063288 


. 0084384 


. 0105479 


.0126575 


. 0147671 


.0168767 


.0189863 


.0210959 


154 


155 


.0042466 


.0063699 


.0084932 


.0106164 


.0127397 


.0148630 


.0169863 


.0191096 


.0212329 


155 


156 


.0042740 


.0064110 


.0085479 


.0106849 


.0128219 


.0149589 


.0170959 


.0192329 


.0213699 


156 


157 


.0043014 


. 0064521 


.0086027 


.0107534 


.0129041 


.0150548 


.0172055 


.0193562 


.0215068 


157 


158 


.0043288 


.0064932 


. 0086575 


.0108219 


. 0129863 


.0151507 


.0173151 


.0194795 


.0216438 


158 


159 


.0043562 


.0065342 


.0087123 


.0108904 


.0130685 


.0152466 


. 0174247 


.0196027 


.0217808 


159 


160 


.0043836 


. 0065753 


.0087671 


.0109589 


.0131507 


.0153425 


. 0175342 


.0197260 


.0219178 


160 


161 


.0044110 


.0066164 


.0088219 


.0110274 


.0132329 


.0154384 


.0176438 


.0198493 


.0220548 


161 


162 


.0044384 


.0066575 


.0088767 


.0110959 


.0133151 


.0155342 


.0177534 


.0199726 


.0221918 


162 


163 


.0044658 


.0066986 


.0089315 


.0111644 


.0133973 


.0156301 


.0178630 


.0200959 


.0223288 


163 


164 


.0044932 


.0067397 


.0089863 


.0112329 


.0134795 


.0157260 


.0179726 


.0202192 


. 0224658 


164 


165 


.0045205 


.0067808 


.0090411 


.0113014 


.0135616 


.0158219 


.0180822 


.0203425 


.0226027 


165 


166 


.0045479 


.0068219 


.0090959 


.0113699 


.0136438 


.0159178 


.0181918 


.0204658 


.0227397 


166 


167 


.0045753 


.0068630 


.0091507 


.0114384 


.0137260 


.0160137 


.0183014 


.0205890 


.0228767 


167 


168 


.0046027 


.0069041 


.0092055 


.0115068 


.0138082 


.0161096 


.0184110 


.0207123 


.0230137 


168 


169 


.0046301 


.0069452 


.0092603 


.0115753 


.0138904 


.0162055 


.0185205 


.0208356 


.0231507 


169 


170 


.0046575 


.0069863 


.0093151 


.0116438 


.0139726 


.0163014 


.0186301 


. 0209589 


.0232877 


170 


171 


.0046849 


.0070274 


.0093699 


.0117123 


.0140548 


.0163973 


.0187397 


.0210822 


.0234247 


171 


172 


.0047123 


.0070685 


.0094247 


.0117808 


.0141370 


.0164932 


.0188493 


.0212055 


. 0235616 


172 


173 


.0047397 


.0071096 


.0094795 


.0118493 


.0142192 


.0165890 


.0189589 


.0213288 


.0236986 


173 


174 


.0047671 


.0071507 


.0095342 


.0119178 


.0143014 


.0166849 


.0190685 


. 0214521 


.0238356 


174 


175 


.0047945 


.0071918 


.0095890 


.0119863 


.0143836 


.0167808 


.0191781 


.0215753 


.0239726 


175 




1% 


iy 2 % 


3% 


WA% 


3% 


33^% 


4% 


4^% 


5% 





INTEREST ON ONE DOLLAR 



15 





RATE 




Days 




Days 


i 




53^% 


6% 


6^% 


7% 


VA% 


8% 


sy 2 % 


9% 


9V 2 % 




141 


.0212466 


.0231781 


.0251096 


.0270411 


. 0289726 


.0309041 


.0328356 


.0347671 


.0366986 


141 


143 


. 0213973 


.0233425 


.0252877 


.0272329 


.0291781 


.0311233 


.0330685 


.0350137 


.0369589 


143 


143 


.0215479 


.0235068 


.0254658 


.0274247 


.0293836 


.0313425 


.0333014 


.0352603 


.0372192 


143 


144 


. 0216986 


. 0236712 


.0256438 


.0276164 


.0295890 


.0315616 


.0335342 


.0355068 


.0374795 


144 


145 


.0218493 


.0238356 


.0258219 


.0278082 


.0297945 


.0317808 


.0337671 


.0357534 


.0377397 


145 


146 


.0220000 


.0240000 


.0260000 


.0280000 


.0300000 


.0320000 


.0340000 


.0360000 


.0380000 


146 


147 


.0221507 


.0241644 


.0261781 


.0281918 


.0302055 


.0322192 


.0342329 


.0362466 


.0382603 


147 


14S 


.0223014 


.0243288 


.0263562 


.0283836 


.0304110 


.0324384 


.0344658 


.0364932 


.0385205 


148 


149 


.0224521 


.0244932 


.0265342 


.0285753 


.0306164 


.0326575 


.0346986 


.0367397 


.0387808 


149 


150 


.0226027 


.0246575 


.0267123 


.0287671 


.0308219 


.0328767 


.0349315 


.0369863 


.0390411 


150 


151 


.0227534 


.0248219 


.0268904 


.0289589 


.0310274 


.0330959 


.0351644 


.0372329 


.0393014 


151 


153 


.0229041 


.0249863 


.0270685 


.0291507 


.0312329 


.0333151 


.0353973 


.0374795 


.0395616 


153 


153 


.0230548 


. 0251507 


.0272466 


.0293425 


.0314384 


.0335342 


.0356301 


.0377260 


.0398219 


153 


154 


.0232055 


.0253151 


.0274247 


.0295342 


.0316438 


.0337534 


.0358630 


.0379726 


.0400822 


154 


155 


.0233562 


.0254795 


.0276027 


.0297260 


.0318493 


.0339726 


.0360959 


.0382192 


.0403425 


155 


156 


.0235068 


.0256438 


.0277808 


.0299178 


.0320548 


.0341918 


.0363288 


.0384658 


.0406027 


156 


157 


.0236575 


.0258082 


.0279589 


.0301096 


.0322603 


.0344110 


.0365616 


.0387123 


.0408630 


157 


158 


.0238082 


.0259726 


.0281370 


.0303014 


.0324658 


.0346301 


.0367945 


.0389589 


.0411233 


158 


159 


.0239589 


.0261370 


.0283151 


.0304932 


.0326712 


.0348493 


.0370274 


.0392055 


.0413836 


159 


160 


.0241096 


.0263014 


.0284932 


.0306849 


.0328767 


.0350685 


.0372603 


.0394521 


.0416438 


160 


161 


.0242603 


.0264658 


.0286712 


.0308767 


.0330822 


.0352877 


.0374932 


.0396986 


.0419041 


161 


163 


.0244110 


.0266301 


.0288493 


.0310685 


.0332877 


.0355068 


.0377260 


.0359452 


.0421644 


163 


163 


.0245616 


.0267945 


.0290274 


.0312603 


.0334932 


.0357260 


.0379589 


.0401918 


.0424247 


163 


164 


.0247123 


.0269589 


.0292055 


.0314521 


.0336986 


.0359452 


.0381918 


.0404384 


.0426849 


164 


165 


.0248630 


.0271233 


.0293836 


.0316438 


.0339041 


.0361644 


.0384247 


.0406849 


.0429452 


165 


166 


.0250137 


.0272877 


.0295616 


.0318356 


.0341096 


.0363836 


.0386575 


.0409315 


.0432055 


166 


167 


.0251644 


.0274521 


.0297397 


.0320274 


.0343151 


.0366027 


.0388904 


.0411781 


.0434658 


167 


168 


.0253151 


.0276164 


.0299178 


.0322192 


.0345205 


.0368219 


.0391233 


.0414247 


.0437260 


168 


169 


.0254658 


.0277808 


.0300959 


.0324110 


.0347260 


.0370411 


.0393562 


.0416712 


.0439863 


169 


170 


.0256164 


.0279452 


.0302740 


.0326027 


.0349315 


.0372603 


.0395890 


.0419178 


.0442466 


170 


171 


.0257671 


.0281096 


.0304521 


.0327945 


.0351370 


.0374795 


.0398219 


.0421644 


.0445068 


171 


173 


.0259178 


.0282740 


.0306301 


.0329863 


.0353425 


.0376986 


.0400548 


.0424110 


.0447671 


173 


173 


.0260685 


.0284384 


.0308082 


.0331781 


.0355479 


.0379178 


.0402877 


.0426575 


.0450274 


173 


174 


.0262192 


.0286027 


.0309863 


.0333699 


.0357534 


.0381370 


.0405205 


.0429041 


.0452877 


174 


175 


.0263699 


.0287671 


.0311644 


. 0335616 


.0359589 


.0383562 


.0407534 


.0431507 


.0455479 


175 




53^% 


6% 


VA% 


7% 


7V 2 % 


8% 


sy 2 % 


9% 


9^% 





16 



INTEREST ON ONE DOLLAR 





RATE 




Pays 




Days 


















1% 


1H% 


3% 


m% 


3% 


3^% 


4% 


4H% 


5% 




176 


.0048219 


.0072329 


.0096438 


.0120548 


.0144658 


.0168767 


.0192877 


.0216986 


.0241096 


176 


177 


.0048493 


.0072740 


.0096986 


.0121233 


.0145479 


.0169726 


.0193973 


.0218219 


.0242466 


177 


178 


.0048767 


.0073151 


.0097534 


.0121918 


.0146301 


.0170685 


.0195068 


.0219452 


.0243836 


178 


179 


.0049041 


.0073562 


.0098082 


.0122603 


.0147123 


.0171644 


.0196164 


.0220685 


.0245205 


179 


180 


.0049315 


.0073973 


.0098630 


.0123288 


.0147945 


.0172603 


.0197260 


.0221918 


.0246575 


180 


181 


.0049589 


.0074384 


.0099178 


.0123973 


.0148767 


.0173562 


.0198356 


.0223151 


.0247945 


181 


183 


.0049863 


.0074795 


.0099726 


.0124658 


.0149589 


.0174521 


.0199452 


.0224384 


.0249315 


183 


183 


.0050137 


.0075205 


.0100274 


.0125342 


.0150411 


. 0175479 


.0200548 


.0225616 


.0250685 


183 


184 


.0050411 


.0075616 


.0100822 


.0126027 


.0151233 


.0176438 


.0201644 


.0226849 


.0252055 


184 


185 


.0050685 


.0076027 


.0101370 


.0126712 


.0152055 


.0177397 


.0202740 


.0228082 


.0253425 


185 


186 


.0050959 


.0076438 


.0101918 


.0127397 


.0152877 


.0178356 


.0203836 


.0229315 


.0254795 


186 


187 


.0051233 


.0076849 


.0102466 


.0128082 


.0153699 


.0179315 


.0204932 


.0230548 


.0256164 


187 


188 


.0051507 


.0077260 


.0103014 


.0128767 


.0154521 


.0180274 


.0206027 


.0231781 


.0257534 


188 


189 


.0051781 


.0077671 


.0103562 


.0129452 


.0155342 


.0181233 


.0207123 


.0233014 


.0258904 


189 


190 


.0052055 


.0078082 


.0104110 


.0130137 


.0156164 


.0182192 


.0208219 


.0234247 


.0260274 


190 


191 


.0052329 


.0078493 


.0104658 


. 0130822 


.0156986 


.0183151 


. 0209315 


.0235479 


.0261644 


191 


193 


.0052603 


. 0078904 


.0105205 


.0131507 


.0157808 


.0184110 


.0210411 


'.0236712 


.0263014 


193 


193 


.0052877 


.0079315 


.0105753 


.0132192 


.0158630 


.0185068 


.0211507 


.0237945 


.0264384 


193 


194 


.0053151 


.0079726 


.0106301 


.0132877 


.0159452 


.0186027 


. 0212603 


. 0239178 


.0265753 


194 


195 


.0053425 


.0080137 


.0106849 


.0133562 


.0160274 


.0186986 


.0213699 


.0240411 


.0267123 


195 


196 


.0053699 


.0080548 


.0107397 


.0134247 


.0161096 


.0187945 


.0214795 


.0241644 


.0268493 


196 


197 


.0053973 


.0080959 


.0107945 


.0134932 


.0161918 


.0188904 


.0215890 


.0242877 


. 0269863 


197 


198 


.0054247 


. 0081370 


.0108493 


.0135616 


.0162740 


.0189863 


.0216986 


.0244110 


.0271233 


198 


199 


.0054521 


.0081781 


.0109041 


.0136301 


.0163562 


.0190822 


.0218082 


.0245342 


.0272603 


199 


300 


.0054795 


.0082192 


. 0109589 


.0136986 


.0164384 


.0191781 


.0219178 


.0246575 


.0273973 


300 


301 


.0055068 


.0082603 


.0110137 


.0137671 


.0165205 


.0192740 


.0220274 


.0247808 


.0275342 


301 


303 


.0055342 


.0083014 


.0110685 


.0138356 


.0166027 


.0193699 


.0221370 


.0249041 


. 0276712 


303 


303 


.0055616 


.0083425 


.0111233 


.0139041 


.0166849 


.0194658 


.0222466 


.0250274 


.0278082 


303 


304 


.0055890 


.0083836 


.0111781 


.0139726 


.0167671 


.0195616 


.0223562 


.0251507 


.0279452 


304 


305 


.0056164 


.0084247 


.0112329 


.0140411 


.0168493 


.0196575 


.0224658 


.0252740 


.0280822 


305 


306 


.0056438 


.0084658 


.0112877 


.0141096 


.0169315 


.0197534 


.0225753 


.0253973 


.0282192 


306 


307 


.0056712 


.0085068 


.0113425 


.0141781 


.0170137 


.0198493 


.0226849 


.0255205 


.0283562 


307 


308 


.0056986 


.0085479 


.0113973 


.0142466 


.0170959 


.0199452 


.0227945 


.0256438 


.0284932 


308 


309 


.0057260 


.0085890 


.0114521 


.0143151 


.0171781 


.0200411 


.0229041 


.0257671 


.0286301 


309 


310 


.0057534 


.0086301 


.0115068 


.0143836 


.0172603 


.0201370 


.0230137 


.0258904 


.0287671 


310 




1% ■ 


W0o 


00/ 
» /O 


3^% 


3% 


3^% 


4% 


■ 4^% 


5% 





INTEREST ON ONE DOLLAR 



17 





RATE 




Days 




Days 


sy 2 7o 


6% 


6^% 


7% 


7^% 


8% 


sy 2 % 


»% 


9V 2 % 


176 


.0265205 


.0289315 


.0313425 


.0337534 


.0361644 


.0385753 


.0409863 


.0433973 


.0458082 


176 


177 


.0266712 


.0290959 


.0315205 


.0339452 


.0363699 


.0387945 


.0412192 


.0436438 


.0460685 


177 


178 


.0268219 


.0292603 


.0316986 


.0341370 


.0365753 


.0390137 


.0414521 


.0438904 


.0463288 


178 


179 


.0269726 


.0294247 


.0318767 


.0343288 


.0367808 


.0392329 


.0416849 


.0441370 


.0465890 


179 


180 


.0271233 


.0295890 


.0320548 


.0345205 


.0369863 


.0394521 


.0419178 


.0443836 


.0468493 


180 


181 


.0272740 


.0297534 


.0322329 


.0347123 


.0371918 


.0396712 


.0421507 


.0446301 


.0471096 


181 


182 


.0274247 


.0299178 


.0324110 


.0349041 


.0373973 


.0398904 


.0423836 


.0448767 


.0473699 


182 


183 


.0275753 


.0300822 


.0325890 


.0350959 


.0376027 


.0401096 


.0426164 


.0451233 


.0476301 


183 


184 


.0277260 


.0302466 


.0327671 


.0352877 


.0378082 


.0403288 


.0428493 


.0453699 


.0478904 


184 


185 


.0278767 


.0304110 


.0329452 


.0354795 


.0380137 


.0405479 


.0430822 


.0456164 


.0481507 


185 


186 


.0280274 


.0305753 


.0331233 


.0356712 


.0382192 


.0407671 


.0433151 


.0458630 


.0484110 


186 


187 


.0281781 


.0307397 


.0333014 


.0358630 


.0384247 


.0409863 


.0435479 


.0461096 


.0486712 


187 


188 


.0283288 


.0309041 


.0334795 


.0360548 


.0386301 


.0412055 


.0437808 


.0463562 


.0489315 


188 


189 


.0284795 


.0310685 


.0336575 


.0362466 


.0388356 


.0414247 


.0440137 


.0466027 


.0491918 


189 


190 


.0286301 


.0312329 


.0338356 


.0364384 


.0390411 


.0416438 


.0442466 


.-0468493 


.0494521 


190 


191 


.0287808 


.0313973 


.0340137 


.0366301 


.0392466 


.0418630 


.0444795 


.0470959 


.0497123 


191 


192 


.0289315 


.0315616 


.0341918 


.0368219 


.0394521 


.0420822 


.0447123 


.0473425 


.0499726 


192 


193 


.0290822 


.0317260 


.0343699 


.0370137 


.0396575 


.0423014 


.0449452 


.0475890 


.0502329 


193 


194 


.0292329 


.0318904 


.0345479 


.0372055 


.0398630 


.0425205 


.0451781 


.0478356 


.0504932 


194 


195 


.0293836 


.0320548 


.0347260 


.0373973 


.0400685 


.0427397 


.0454110 


.0480822 


.0507534 


195 


196 


.0295342 


.0322192 


.0349041 


.0375890 


.0402740 


.0429589 


.0456438 


.0483288 


.0510137 


196 


197 


.0296849 


.0323836 


.0350822 


.0377808 


.0404795 


.0431781 


.0458767 


.0485753 


.0512740 


197 


198 


.0298356 


.0325479 


.0352603 


.0379726 


. 0406849 


.0433973 


.0461096 


.0488219 


.0515342 


198 


199 


.0299863 


.0327123 


.0354384 


.0381644 


.0408904 


.0436164 


.0463425 


.0490685 


.0517945 


199 


200 


.0301370 


.0328767 


.0356164 


.0383562 


.0410959 


.0438356 


.0465753 


.0493151 


.0520548 


200 


201 


.0302877 


.0330411 


.0357945 


.0385479 


.0413014 


.0440548 


.0468082 


.0495616 


.0523151 


. 201 


202 


.0304384 


.0332055 


.0359726 


.0387397 


.0415068 


.0442740 


.0470411 


.0498082 


.0525753 


202 


203 


.0305890 


.0333699 


.0361507 


.0389315 


.0417123 


.0444932 


.0472740 


.0500548 


.0528356 


203 


204 


.0307397 


.0335342 


.0363288 


.0391233 


.0419178 


.0447123 


.0475068 


.0503014 


.0530959 


204 


205 


.0308904 


.0336986 


.0365068 


.0393151 


.0421233 


.0449315 


.0477397 


.0505479 


.0533562 


205 


206 


.0310411 


.0338630 


.0366849 


.0395068 


.0423288 


.0451507 


.0479726 


.0507945 


.0536164 


206 


207 


.0311918 


.0340274 


.0368630 


.0396986 


.0425342 


.0453699 


.0482055 


.0510411 


.0538767 


207 


208 


.0313425 


.0341918 


.0370411 


.0398904 


.0427397 


.0455890 


.0484384 


.0512877 


.0541370 


208 


209 


.0314932 


.0343562 


.0372192 


.0400822 


.0429452 


.0458082 


.0486712 


.0515342 


.0543973 


209 


210 


.0316438 


.0345205 


.0373973 


.0402740 


.0431507 


.0460274 


.0489041 


.0517808 


.0546575 


210 




5J^% 


6% 


VA% 


7% 


W2% 


8% 


sy 2 % 


9% 


9V 2 % 





18 



INTEREST ON ONE DOLLAR 





RATE 




Days 




Days 


1% 


v/ 2 % 


3% 


2V2% 


3% 


3M% 


4% 


4^% 


5% 


211 


.0057808 


.0086712 


.0115616 


.0144521 


.0173425 


.0202329 


.0231233 


.0260137 


. 0289041 


311 


213 


.0058082 


.0087123 


.0116164 


.0145205 


.0174247 


.0203288 


.0232329 


.0261370 


.0290411 


313 


313 


.0058356 


.0087534 


.0116712 


.0145890 


.0175068 


.0204247 


.0233425 


.0262603 


.0291781 


313 


214 


.0058630 


.0087945 


.0117260 


. 0146575 


.0175890 


.0205205 


.0234521 


.0263836 


.0293151 


314 


215 


.0058904 


.0088356 


.0117808 


.0147260 


.0176712 


.0206164 


.0235616 


.0265068 


.0294521 


315 


216 


. 0059178 


.0088767 


.0118356 


.0147945 


.0177534 


.0207123 


.0236712 


.0266301 


.0295890 


316 


217 


. 0059452 


.0089178 


.0118904 


.0148630 


.0178356 


.0208082 


.0237808 


.0267534 


.0297260 


317 


218 


.0059726 


. 0089589 


.0119452 


.0149315 


.0179178 


.0209041 


.0238904 


.0268767 


.0298630 


318 


219 


. 0060000 


.0090000 


.0120000 


.0150000 


.0180000 


.0210000 


.0240000 


.0270000 


. 0300000 


319 


220 


.0060274 


.0090411 


.0120548 


.0150685 


.0180822 


.0210959 


.0241096 


.0271233 


.0301370 


330 


221 


.0060548 


.0090822 


.0121096 


.0151370 


.0181644 


.0211918 


.0242192 


.0272466 


.0302740 


331 


223 


.0060822 


.0091233 


.0121644 


.0152055 


.0182466 


.0212877 


.0243288 


.0273699 


.0304110 


333 


223 


.0061096 


.0091644 


.0122192 


.0152740 


. 0183288 


.0213836 


.0244384 


.0274932 


.0305479 


333 


234 


.0061370 


.0092055 


. 0122740 


.0153425 


.0184110 


. 0214795 


.0245479 


.0276164 


.0306849 


334 


225 


.0061644 


.0092466 


.0123288 


.0154110 


.0184932 


.0215753 


.0246575 


.0277397 


.0308219 


335 


236 


.0061918 


.0092877 


.0123836 


.0154795 


.0185753 


.0216712 


.0247671 


.0278630 


. 0309589 


336 


337 


. 0062192 


.0093288 


.0124384 


.0155479 


.0186575 


.0217671 


.0248767 


.0279863 


.0310959 


337 


228 


.0062466 


.0093699 


.0124932 


.0156164 


.0187397 


.0218630 


.0249863 


.0281096 


.0312329 


338 


229 


.0062740 


.0094110 


.0125479 


.0156849 


.0188219 


.0219589 


.0250959 


.0282329 


.0313699 


339 


230 


.0063014 


.0094521 


.0126027 


.0157534 


.0189041 


.0220548 


.0252055 


.0283562 


.0315068 


330 


231 


. 0063288 


.0094932 


.0126575 


.0158219 


.0189863 


.0221507 


.0253151 


.0284795 


.0316438 


331 


232 


.0063562 


.0095342 


.0127123 


.0158904 


.0190685 


.0222466 


.0254247 


.0286027 


.0317808 


333 


233 


.0063836 


.0095753 


.0127671 


.0159589 


.0191507 


.0223425 


.0255342 


.0287260 


.0319178 


333 


234 


.0064110 


.0096164 


.0128219 


.0160274 


.0192329 


.0224384 


.0256438 


.0288493 


.0320548 


334 


235 


.0064384 


.0096575 


.0128767 


.0160959 


.0193151 


.0225342 


.0257534 


.0289726 


.0321918 


335 


236 


.0064658 


.0096986 


.0129315 


.0161644 


.0193973 


.0226301 


.0258630 


.0290959 


.0323288 


336 


237 


. 0064932 


.0097397 


.0129863 


.0162329 


.0194795 


.0227260 


.0259726 


.0292192 


.0324658 


337 


238 


.0065205 


.0097808 


.0130411 


.0163014 


.0195616 


.0228219 


.0260822 


.0293425 


.0326027 


338 


239 


.0065479 


.0098219 


.0130959 


.0163699 


.0196438 


.0229178 


.0261918 


.0294658 


.0327397 


339 


240 


.0065753 


.0098630 


.0131507 


.0164384 


.0197260 


.0230137 


.0263014 


.0295890 


.0328767 


340 


241 


.0066027 


.0099041 


.0132055 


.0165068 


.0198082 


.0231096 


.0264110 


.0297123 


.0330137 


341 


242 


.0066301 


.0099452 


.0132603 


.0165753 


.0198904 


.0232055 


.0265205 


.0298356 


.0331507 


342 


243 


.0066575 


.0099863 


.0133151 


.0166438 


.0199726 


.0233014 


.0266301 


.0299589 


.0332877 


343 


244 


.0066849 


.0100274 


.0133699 


.0167123 


.0200548 


.0233973 


.0267397 


.0300822 


.0334247 


344 


245 


.0067123 


.0100685 


.0134247 


.0167808 


.0201370 


.0234932 


.0268493 


.0302055 


.0335616 


345 




1% 


1H% 


3% 


3^% 


3% 


3K% 


4% 


4^% 


5% 





INTEREST ON ONE DOLLAR 



19 





RATE 




Days 




Days 


5V 2 % 


6% 


*K% 


7% 


W2% 


8% 


sy 2 % 


9% 


V/2% 


211 


.0317945 


0346849 


.0375753 


.0404658 


.0433562 


.0462466 


.0491370 


.0520274 


.0549178 


211 


212 


.0319452 


.0348493 


.0377534 


.0406575 


.0435616 


.0464658 


.0493699 


.0522740 


.0551781 


212 


213 


.0320959 


.0350137 


.0379315 


.0408493 


.0437671 


.0466849 


.0496027 


. 0525205 


.0554384 


213 


214 


.0322466 


.0351781 


.0381096 


.0410411 


.0439726 


.0469041 


.0498356 


.0527671 


. 0556986 


214 


215 


.0323973 


.0353425 


.0382877 


.0412329 


.0441781 


.0471233 


.0500685 


.0530137 


.0559589 


215 


216 


. 0325479 


. 0355068 


.0384658 


.0414247 


.0443836 


.0473425 


.0503014 


. 0532603 


.0562192 


216 


217 


.0326986 


.0356712 


.0386438 


.0416164 


.0445890 


.0475616 


.0505342 


.0535068 


. 0564795 


217 


218 


.0328493 


.0358356 


.0388219 


.0418082 


.0447945 


.0477808 


.0507671 


.0537534 


.0567397 


218 


219 


.0330000 


. 0360000 


.0390000 


.0420000 


. 0450000 


.0480000 


. 0510000 


.0540000 


.0570000 


219 


220 


.0331507 


.0361644 


.0391781 


.0421918 


.0452055 


.0482192 


.0512329 


. 0542466 


.0572603 


220 


221 


.0333014 


. 0363288 


.0393562 


.0423836 


.0454110 


.0484384 


.0514658 


.0544932 


.0575205 


221 


222 


.0334521 


.0364932 


.0395342 


.0425753 


.0456164 


.0486575 


.0516986 


.0547397 


.0577808 


222 


223 


.0336027 


.0366575 


.0397123 


.0427671 


.0458219 


.0488767 


.0519315 


.0549863 


.0580411 


223 


224 


.0337534 


.0368219 


.0398904 


.0429589 


.0460274 


.0490959 


.0521644 


.0552329 


. 0583014 


224 


225 


.0339041 


.0369863 


.0400685 


.0431507 


.0462329 


.0493151 


.0523973 


.0554795 


.0585616 


225 


226 


.0340548 


.0371507 


.0402466 


.0433425 


.0464384 


.0495342 


.0526301 


.0557260 


.0588219 


226 


227 


.0342055 


.0373151 


.0404247 


.0435342 


.0466438 


.0497534 


. 0528630 


.0559726 


.0590822 


227 


228 


.0343562 


.0374795 


.0406027 


.0437260 


. 0468493 


.0499726 


.0530959 


.0562192 


.0593425 


228 


229 


.0345068 


.0376438 


.0407808 


.0439178 


.0470548 


.0501918 


.0533288 


.0564658 


.0596027 


229 


230 


.0346575 


.0378082 


.0409589 


.0441096 


.0472603 


.0504110 


.0535616 


.0567123 


.0598630 


230 


231 


.0348082 


.0379726 


.0411370 


.0443014 


.0474658 


.0506301 


.0537945 


.0569589 


.0601233 


231 


232 


.0349589 


.0381370 


.0413151 


.0444932 


.0476712 


.0508493 


.0540274 


.0572055 


.0603836 


232 


233 


.0351096 


.0383014 


.0414932 


.0446849 


.0478767 


.0510685 


.0542603 


.0574521 


.0606438 


233 


234 


.0352603 


.0384658 


.0416712 


.0448767 


.0480822 


.0512877 


.0544932 


.0576986 


.0609041 


234 


235 


.0354110 


.0386301 


.0418493 


.0450685 


.0482877 


.0515068 


.0547260 


.0579452 


.0611644 


235 


236 


.0355616 


.0387945 


.0420274 


.0452603 


.0484932 


.0517260 


.0549589 


.0581918 


.0614247 


236 


237 


.0357123 


.0389589 


.0422055 


.0454521 


.0486986 


.0519452 


.0551918 


.0584384 


.0616849 


237 


238 


.0358630 


.0391233 


.0423836 


.0456438 


.0489041 


.0521644 


.0554247 


.0586849 


.0619452 


238 


239 


.0360137 


.0392877 


.0425616 


.0458356 


.0491096 


.0523836 


.0556575 


.0589315 


.0622055 


239 


240 


.0361644 


.0394521 


.0427397 


.0460274 


.0493151 


.0526027 


.0558904 


.0591781 


.0624658 


240 


241 


.0363151 


.0396164 


.0429178 


.0462192 


.0495205 


.0528219 


.0561233 


.0594247 


.0627260 


241 


242 


.0364658 


.0397808 


.0430959 


.0464110 


.0497260 


.0530411 


.0563562 


.0596712 


.0629863 


242 


243 


.0366164 


.0399452 


.0432740 


.0466027 


.0499315 


.0532603 


.0565890 


.0599178 


.0632466 


243 


244 


.0367671 


.0401096 


.0434521 


.0467945 


.0501370 


.0534795 


.0568219 


.0601644 


.0635068 


244 


245 


.0369178 


.0402740 


.0436301 


.0469863 


.0503425 


.0536986 


.0570548 


.0604110 


.0637671 


245 




5V 2 % 


rot 
o /o 


6^% 


7% 


7^% 


8% 


sy 2 % 


9% 


93^% 





20 



INTEREST ON ONE DOLLAR 





RATE 




Days 




Days 


1% 


iy 2 % 


3% 


V/2% 


3% 


3^% 


4% 


*V2% 


5% 


246 


.0067397 


.0101096 


.0134795 


.0168493 


.0202192 


.0235890 


.0269589 


.0303288 


.0336986 


246 


247 


.0067671 


.0101507 


.0135342 


.0169178 


.0203014 


.0236849 


.0270685 


.0304521 


.0338356 


247 


248 


.0067945 


.0101918 


.0135890 


.0169863 


.0203836 


.0237808 


.0271781 


.0305753 


.0339726 


248 


249 


.0068219 


.0102329 


.0136438 


.0170548 


.0204658 


.0238767 


.0272877 


.0306986 


.0341096 


249 


250 


.0068493 


.0102740 


.0136986 


.0171233 


.0205479 


.0239726 


.0273973 


.0308219 


.0342466 


250 


251 


.0068767 


.0103151 


.0137534 


.0171918 


.0206301 


.0240685 


.0275068 


.0309452 


.0343836 


251 


252 


.0069041 


.0103562 


.0138082 


.0172603 


.0207123 


.0241644 


.0276164 


.0310685 


.0345205 


252 


253 


.0069315 


.0103973 


.0138630 


.0173288 


.0207945 


.0242603 


.0277260 


.0311918 


.0346575 


253 


254 


.0069589 


.0104384 


.0139178 


.0173973 


.0208767 


.0243562 


.0278356 


.0313151 


.0347945 


254 


255 


.0069863 


.0104795 


.0139726 


.0174658 


.0209589 


.0244521 


.0279452 


.0314384 


.0349315 


255 


256 


.0070137 


.0105205 


.0140274 


.0175342 


.0210411 


.0245479 


.0280548 


.0315616 


.0350685 


256 


257 


.0070411 


.0105616 


.0140822 


.0176027 


.0211233 


.0246438 


.0281644 


.0316849 


.0352055 


257 


258 


.0070685 


.0106027 


.0141370 


.0176712 


.0212055 


.0247397 


.0282740 


.0318082 


.0353425 


258 


259 


.0070959 


.0106438 


.0141918 


.0177397 


.0212877 


.0248356 


.0283836 


.0319315 


.0354795 


259 


260 


.0071233 


.0106849 


.0142466 


.0178082 


.0213699 


.0249315 


.0284932 


.0320548 


.0356164 


260 


261 


.0071507 


.0107260 


.0143014 


.0178767 


.0214521 


.0250274 


.0286027 


.0321781 


.0357534 


261 


262 


.0071781 


.0107671 


.0143562 


.0179452 


.0215342 


.0251233 


.0287123 


.0323014 


.0358904 


262 


263 


.0072055 


.0108082 


.0144110 


.0180137 


.0216164 


.0252192 


.0288219 


.0324247 


.0360274 


263 


264 


.0072329 


.0108493 


.0144658 


.0180822 


.0216986 


.0253151 


.0289315 


.0325479 


.0361644 


264 


265 


.0072603 


.0108904 


.0145205 


.0181507 


.0217808 


.0254110 


.0290411 


.0326712 


.0363014 


265 


266 


.0072877 


.0109315 


.0145753 


.0182192 


.0218630 


.0255068 


.0291507 


.0327945 


.0364384 


266 


267 


.0073151 


.0109726 


. 0146301 


.0182877 


.0219452 


.0256027 


.0292603 


.0329178 


.0365753 


267 


268 


.0073425 


.0110137 


.0146849 


.0183562 


.0220274 


.0256986 


.0293699 


.0330411 


.0367123 


268 


269 


.0073699 


.0110548 


.0147397 


.0184247 


.0221096 


.0257945 


.0294795 


.0331644 


.0368493 


269 


270 


.0073973 


.0110959 


.0147945 


.0184932 


.0221918 


.0258904 


.0295890 


.0332877 


.0369863 


270 


271 


.0074247 


.0111370 


.0148493 


.0185616 


.0222740 


.0259863 


.0296986 


.0334110 


.0371233 


271 


272 


.0074521 


.0111781 


.0149041 


.0186301 


.0223562 


.0260822 


.0298082 


.0335342 


.0372603 


272 


273 


.0074795 


.0112192 


.0149589 


.0186986 


.0224384 


.0261781 


.0299178 


.0336575 


.0373973 


273 


274 


.0075068 


.0112603 


.0150137 


.0187671 


.0225205 


.0262740 


.0300274 


.0337808 


.0375342 


274 


275 


.0075342 


.0113014 


.0150685 


.0188356 


.0226027 


.0263699 


.0301370 


.0339041 


.0376712 


275 


276 


.0075616 


.0113425 


.0151233 


.0189041 


.0226849 


.0264658 


.0302466 


.0340274 


.0378082 


276 


277 


.0075890 


.0113836 


.0151781 


.0189726 


.0227671 


.0265616 


.0303562 


.0341507 


.0379452 


277 


278 


.0076164 


.0114247 


.0152329 


.0190411 


.0228493 


.0266575 


.0304658 


.0342740 


.0380822 


278 


279 


.0076438 


.0114658 


.0152877 


.0191096 


.0229315 


.0267534 


.0305753 


.0343973 


.0382192 


279 


280 


.0076712 


.0115068 


.0153425 


.0191781 


.0230137 


.0268493 


.0306849 


.0345205 


.0383562 


280 




1% 


1H% 


3% 


1Y2% 


3% 


3^% 


4% 


VA% 


5% 





INTEREST ON ONE DOLLAR 



21 





RATE 




Days 




Days 


5K% 


6% 


6^% 


7% 


1H% 


8% 


sy 2 % 


9% 


VA% 


246 


.0370685 


.0404384 


.0438082 


.0471781 


.0505479 


.0539178 


.0572877 


.0606575 


.0640274 


246 


347 


.0372192 


.0406027 


.0439863 


.0473699 


.0507534 


.0541370 


.0575205 


.0609041 


.0642877 


247 


248 


.0373699 


.0407671 


.0441644 


.0475616 


.0509589 


.0543562 


.0577534 


.0611507 


.0645479 


248 


249 


.0375205 


.0409315 


.0443425 


.0477534 


.0511644 


.0545753 


.0579863 


.0613973 


.0648082 


249 


250 


.0376712 


.0410959 


.0445205 


.0479452 


.0513699 


.0547945 


.0582192 


.0616438 


.0650685 


250 


251 


.0378219 


.0412603 


.0446986 


.0481370 


.0515753 


.0550137 


.0584521 


.0618904 


.0653288 


251 


252 


.0379726 


.0414247 


.0448767 


.0483288 


.0517808 


.0552329 


.0586849 


.0621370 


.0655890 


252 


253 


.0381233 


.0415890 


.0450548 


.0485205 


.0519863 


.0554521 


.0589178 


.0623836 


.0658493 


253 


254 


.0382740 


.0417534 


.0452329 


.0487123 


.0521918 


.0556712 


.0591507 


.0626301 


.0661096 


254 


255 


.0384247 


.0419178 


.0454110 


.0489041 


.0523973 


.0558904 


.0593836 


.0628767 


.0663699 


255 


256 


.0385753 


.0420822 


.0455890 


.0490959 


.0526027 


.0561096 


.0596164 


.0631233 


.0666301 


256 


257 


.0387260 


.0422466 


.0457671 


.0492877 


.0528082 


.0563288 


.0598493 


.0633699 


.0668904 


257 


258 


.0388767 


.0424110 


.0459452 


.0494795 


.0530137 


.0565479 


.0600822 


.0636164 


.0671507 


258 


259 


.0390274 


.0425753 


.0461233 


.0496712 


.0532192 


.0567671 


.0603151 


.0638630 


.0674110 


259 


260 


.0391781 


.0427397 


.0463014 


.0498630 


.0534247 


.0569863 


.0605479 


.0641096 


.0676712 


260 


261 


.0393288 


.0429041 


.0464795 


.0500548 


.05363U1 


.0572055 


.0607808 


.0643562 


.0679315 


261 


262 


.0394795 


.0430685 


.0466575 


.0502466 


.0538356 


.0574247 


.0610137 


.0646027 


.0681918 


262 


263 


.0396301 


.0432329 


.0468356 


.0504384 


.0540411 


.0576438 


.0612466 


.0648493 


.0684521 


263 


264 


.0397808 


.0433973 


.0470137 


.0506301 


.0542466 


.0578630 


.0614795 


.0650959 


.0687123 


264 


265 


.0399315 


.0435616 


.0471918 


.0508219 


.0544521 


.0580822 


.0617123 


.0653425 


.0689726 


265 


266 


.0400822 


.0437260 


.0473699 


.0510137 


.0546575 


.0583014 


.0619452 


.0655890 


.0692329 


266 


267 


.0402329 


.0438904 


.0475479 


.0512055 


.0548630 


.0585205 


.0621781 


.0658356 


.0694932 


267 


268 


.0403836 


.0440548 


.0477260 


.0513973 


.0550685 


.0587397 


.0624110 


.0660822 


.0697534 


268 


269 


.0405342 


.0442192 


.0479041 


.0515890 


.0552740 


.0589589 


.0626438 


.0663288 


.0700137 


269 


270 


.0406849 


.0443836 


.0480822 


.0517808 


.0554795 


.0591781 


.0628767 


.0665753 


.0702740 


270 


271 


.0408356 


.0445479 


.0482603 


.0519726 


.0556849 


.0593973 


.0631096 


.0668219 


.0705342 


271 


272 


.0409863 


.0447123 


.0484384 


.0521644 


.0558904 


.0596164 


.0633425 


.0670685 


.0707945 


272 


273 


.0411370 


.0448767 


.0486164 


.0523562 


.0560959 


.0598356 


.0635753 


.0673151 


.0710548 


273 


274 


.0412877 


.0450411 


.0487945 


.0525479 


.0563014 


.0600548 


.0638082 


.0675616 


.0713151 


274 


275 


.0414384 


.0452055 


.0489726 


.0527397 


.0565068 


.0602740 


.0640411 


.0678082 


.0715753 


275 


276 


.0415890 


.0453699 


.0491507 


.0529315 


.0567123 


.0604932 


.0642740 


.0680548 


.0718356 


276 


277 


.0417397 


.0455342 


.0493288 


.0531233 


.0569178 


.0607123 


.0645068 


.0683014 


.0720959 


277 


278 


.0418904 


.0456986 


.0495068 


.0533151 


.0571233 


.0609315 


.0647397 


.0685479 


.0723562 


278 


279 


.0420411 


.0458630 


.0496849 


.0535068 


.0573288 


.0611507 


.0649726 


.0687945 


.0726164 


279 


280 


.0421918 


.0460274 


.0498630 


.0536986 


.0575342 


.0613699 


.0652055 


.0690411 


.0728767 


280 




sy 2 % 


6% 


6M% 


?% 


73^% 


8% 


sy 2 % 


9% 


9V 2 % 





22 



INTEREST ON ONE DOLLAR 





BATE 




Days 




Days 


1% 


V/2% 


3% 


zy 2 % 


3% 


VA% 


4% 


*K% 


5% 


281 


.0076986 


.0115479 


.0153973 


.0192466 


.0230959 


.0269452 


.0307945 


.0346438 


.0384932 


281 


282 


.0077260 


.0115890 


.0154521 


.0193151 


.0231781 


.0270411 


.0309041 


.0347671 


.0386301 


282 


283 


.0077534 


.0116301 


.0155068 


.0193836 


.0232603 


.0271370 


.0310137 


.0348904 


.0387671 


283 


284 


.0077808 


.0116712 


.0155616 


.0194521 


.0233425 


.0272329 


.0311233 


.0350137 


.0389041 


284 


285 


.0078082 


.0117123 


.0156164 


.0195205 


.0234247 


.0273288 


.0312329 


.0351370 


.0390411 


285 


286 


.0078356 


.0117534 


.0156712 


.0195890 


.0235068 


.0274247 


.0313425 


.0352603 


.0391781 


286 


287 


.0078630 


.0117945 


.0157260 


.0196575 


.0235890 


.0275205 


.0314521 


.0353836 


.0393151 


287 


288 


.0078904 


.0118356 


.0157808 


.0197260 


.0236712 


.0276164 


.0315616 


.0355068 


.0394521 


288 


289 


.0079178 


.0118767 


.0158356 


.0197945 


.0237534 


.0277123 


.0316712 


.0356301 


.0395890 


289 


290 


.0079452 


.0119178 


.0158904 


.0198630 


.0238356 


.0278082 


.0317808 


.0357534 


.0397260 


290 


291 


.0079726 


.0119589 


.0159452 


.0199315 


.0239178 


.0279041 


.0318904 


.0358767 


.0398630 


291 


292 


.0080000 


.0120000 


.0160000 


.0200000 


.0240000 


.0280000 


.0320000 


.0360000 


.0400000 


292 


293 


.0080274 


.0120411 


.0160548 


.0200685 


.0240822 


.0280959 


.0321096 


.0361233 


.0401370 


293 


294 


.0080548 


.0120822 


.0161096 


.0201370 


.0241644 


.0281918 


.0322192 


.0362466 


.0402740 


294 


295 


.0080822 


.0121233 


.0161644 


.0202055 


.0242466 


.0282877 


.0323288 


.0363699 


.0404110 


295 


296 


.0081096 


.0121644 


.0162192 


. 0202740 


.0243288 


.0283836 


.0324384 


.0364932 


.0405479 


296 


297 


.0081370 


.0122055 


.0162740 


.0203425 


.0244110 


.0284795 


.0325479 


.0366164 


.0406849 


297 


298 


.0081644 


.0122466 


.0163288 


.0204110 


.0244932 


.0285753 


.0326575 


.0367397 


.0408219 


298 


299 


.0081918 


.0122877 


.0163836 


.0204795 


.0245753 


.0286712 


.0327671 


.0368630 


.0409589 


299 


300 


.0082192 


.0123288 


.0164384 


.0205479 


.0246575 


.0287671 


.0328767 


.0369863 


.0410959 


300 


301 


.0082466 


.0123699 


.0164932 


.0206164 


.0247397 


.0288630 


.0329863 


.0371096 


.0412329 


301 


302 


.0082740 


.0124110 


.0165479 


.0206849 


.0248219 


.0289589 


.0330959 


.0372329 


.0413699 


302 


303 


.0083014 


.0124521 


.0166027 


.0207534 


.0249041 


.0290548 


.0332055 


.0373562 


.0415068 


303 


304 


.0083288 


.0124932 


.0166575 


.0208219 


.0249863 


.0291507 


.0333151 


.0374795 


.0416438 


304 


305 


.0083562 


.0125342 


.0167123 


.0208904 


.0250685 


.0292466 


.0334247 


.0376027 


.0417808 


305 


306 


.0083836 


.0125753 


.0167671 


.0209589 


.0251507 


.0293425 


.0335342 


.0377260 


.0419178 


306 


307 


.0084110 


.0126164 


.0168219 


.0210274 


.0252329 


.0294384 


.0336438 


.0378493 


.0420548 


307 


308 


.0084384 


.0126575 


.0168767 


.0210959 


.0253151 


.0295342 


.0337534 


.0379726 


.0421918 


308 


309 


.0084658 


.0126986 


.0169315 


.0211644 


.0253973 


.0296301 


.0338630 


.0380959 


.0423288 


309 


310 


.0084932 


.0127397 


.0169863 


.0212329 


.0254795 


.0297260 


.0339726 


.0382192 


.0424658 


310 


311 


.0085205 


.0127808 


.0170411 


.0213014 


.0255616 


.0298219 


.0340822 


.0383425 


.0426027 


311 


312 


.0085479 


.0128219 


.0170959 


.0213699 


.0256438 


.0299178 


.0341918 


.0384658 


.0427397 


312 


313 


.0085753 


.0128630 


.0171507 


.0214384 


.0257260 


.0300137 


.0343014 


.0385890 


.0428767 


313 


314 


.0086027 


.0129041 


.0172055 


.0215068 


.0258082 


.0301096 


.0344110 


.0387123 


.0430137 


314 


315 


.0086301 


.0129452 


.0172603 


.0215753 


.0258904 


.0302055 


.0345205 


.0388356 


.0431507 


315 




1% 


1H% 


3% 


3H% 


3% 


3^% 


4% 


4^% 


5% 





INTEREST ON ONE DOLLAR 



23 





RATE 




Days 




Days 


5^% 


6% 


6^% 


7% 


7H% 


8% 


83^% 


9% 


9V 2 % 


281 


.0423425 


.0461918 


.0500411 


.0538904 


.0577397 


.0615890 


.0654384 


.0692877 


.0731370 


281 


282 


.0424932 


.0463562 


.0502192 


.0540822 


.0579452 


.0618082 


.0656712 


.0695342 


.0733973 


282 


283 


.0426438 


.0465205 


.0503973 


.0542740 


.0581507 


.0620274 


.0659041 


.0697808 


.0736575 


283 


284 


.0427945 


.0466849 


.0505753 


.0544658 


.0583562 


.0622466 


.0661370 


.0700274 


.0739178 


284 


285 


.0429452 


.0468493 


.0507534 


.0546575 


.0585616 


.0624658 


.0663699 


.0702740 


.0741781 


285 


286 


.0430959 


.0470137 


.0509315 


.0548493 


.0587671 


.0626849 


.0666027 


.0705205 


.0744384 


286 


287 


.0432466 


.0471781 


.0511096 


.0550411 


.0589726 


.0629041 


.0668356 


.0707671 


.0746986 


287 


288 


.0433973 


.0473425 


.0512877 


.0552329 


.0591781 


. 0631233 


.0670685 


.0710137 


.0749589 


288 


289 


.0435479 


.0475068 


.0514658 


.0554247 


.0593836 


. 0633425 


.0673014 


.0712603 


.0752192 


289 


290 


.0436986 


.0476712 


.0516438 


.0556164 


.0595890 


.0635616 


.0675342 


.0715068 


.0754795 


290 


291 


.0438493 


.0478356 


.0518219 


.0558082 


.0597945 


.0637808 


.0677671 


.0717534 


.0757397 


291 


292 


.0440000 


.0480000 


.0520000 


.0560000 


.0600000 


. 0640000 


.0680000 


.0720000 


.0760000 


292 


293 


.0441507 


.0481644 


.0521781 


.0561918 


.0602055 


. 0642192 


.0682329 


.0722466 


.0762603 


293 


294 


.0443014 


.0483288 


.0523562 


. 0563836 


.0604110 


.0644384 


.0684658 


.0724931 


.0765205 


294 


295 


.0444521 


.0484932 


.0525342 


.0565753 


.0606164 


. 0646575 


.0686986 


.0727397 


.0767808 


295 


296 


.0446027 


.0486575 


.0527123 


.0567671 


.0608219 


.0648767 


.0689315 


.0729863 


.0770411 


296 


297 


.0447534 


.0488219 


.0528904 


.0569589 


.0610274 


. 0650959 


.0691644 


.0732329 


.0773014 


297 


298 


.0449041 


.0489863 


.0530685 


.0571507 


.0612329 


.0653151 


.0693973 


.0734795 


.0775616 


298 


299 


.0450548 0491507 


.0532466 


.0573425 


.0614384 


. 0655342 


.0696301 


.0737260 


.0778219 


299 


300 


.0452055 


.0493151 


.0534247 


.0575342 


.0616438 


.0657534 


.0698630 


.0739726 


.0780822 


300 


301 


.0453562 


.0494795 


.0536027 


.0577260 


.0618493 


. 0659726 


.0700959 


.0742192 


.0783425 


301 


302 


.0455068 


.0496438 


.0537808 


.0579178 


.0620548 


.0661918 


.0703288 


.0744658 


.0786027 


302 


303 


.0456575 


.0498082 


.0539589 


.0581096 


.0622603 


.0664110 


.0705616 


.0747123 


.0788630 


303 


304 


.0458082 


.0499726 


.0541370 


.0583014 


.0624658 


. 0666301 


.0707945 


.0749589 


.0791233 


304 


305 


.0459589 


.0501370 


.0543151 


.0584932 


. 0626712 


.0668493 


.0710274 


.0752055 


.0793836 


305 


306 


.0461096 


.0503014 


.0544932 


.0586849 


.0628767 


.0670685 


.0712603 


.0754521 


.0796438 


306 


307 


.0462603 


.0504658 


.0546712 


.0588767 


.0630822 


.0672877 


.0714932 


.0756986 


.0799041 


307 


308 


.0464110 


.0506301 


.0548493 


.0590685 


.0632877 


.0675068 


.0717260 


.0759452 


. 0801644 


308 


309 


.0465616 


.0507945 


.0550274 


.0592603 


.0634932 


.0677260 


.0719589 


.0761918 


.0804247 


309 


310 


.0467123 


.0509589 


.0552055 


.0594521 


.0636986 


.0679452 


.0721918 


.0764384 


.0806849 


310 


311 


.0468630 


.0511233 


.0553836 


.0596438 


.0639041 


.0681644 


.0724247 


.0766849 


.0809452 


311 


312 


.0470137 


.0512877 


.0555616 


.0598356 


. 0641096 


.0683836 


.0726575 


.0769315 


.0812055 


312 


313 


.0471644 


.0514521 


.0557397 


.0600274 


.0643151 


.0686027 


.0728904 


.0771781 


.0814658 


313 


314 


.0473151 


.0516164 


.0559178 


.0602192 


.0645205 


.0688219 


.0731233 


.0774247 


.0817260 


314 


315 


.0474658 


.0517808 


.0560959 


.0604110 


.0647260 


.0690411 


.0733562 


.0776712 


.0819863 


315 




5V 2 % 


6% 


6^% 


7% 


7^% 


8% 


sy 2 % 


9% 


9V 2 % 





24 



INTEREST ON ONE DOLLAR 





EATE 




Days 




Days 


1% 


V/2% 


2% 


2V 2 % 


3% 


3^% 


4% 


*y 2 % 


5% 


316 


.0086575 


.0129863 


.0173151 


.0216438 


.0259726 


.0303014 


.0346301 


.0389589 


.0432877 


316 


317 


.0086849 


.0130274 


.0173699 


.0217123 


.0260548 


.0303973 


.0347397 


.0390822 


.0434247 


317 


318 


.0087123 


.0130685 


.0174247 


.0217808 


.0261370 


.0304932 


.0348493 


.0392055 


.0435616 


318 


319 


.0087397 


.0131096 


.0174795 


.0218493 


.0262192 


.0305890 


.0349589 


.0393288 


.0436986 


319 


320 


.0087671 


.0131507 


.0175342 


.0219178 


.0263014 


.0306849 


.0350685 


.0394521 


.0438356 


320 


321 


.0087945 


.0131918 


.0175890 


.0219863 


.0263836 


.0307808 


.0351781 


.0395753 


.0439726 


321 


322 


.0088219 


.0132329 


.0176438 


.0220548 


.0264658 


.0308767 


.0352877 


.0396986 


.0441096 


322 


323 


.0088493 


.0132740 


.0176986 


.0221233 


.0265479 


.0309726 


.0353973 


.0398219 


.0442466 


323 


324 


.0088767 


.0133151 


.0177534 


.0221918 


.0266301 


.0310685 


.0355068 


.0399452 


.0443836 


324 


325 


.0089041 


.0133562 


.0178082 


.0222603 


.0267123 


.0311644 


.0356164 


.0400685 


.0445205 


325 


326 


.0089315 


.0133973 


.0178630 


.0223288 


.0267945 


.0312603 


.0357260 


.0401918 


.0446575 


326 


327 


.0089589 


.0134384 


.0179178 


.0223973 


.0268767 


.0313562 


.0358356 


.0403151 


.0447945 


327 


328 


.0089863 


.0134795 


.0179726 


.0224658 


.0269589 


.0314521 


.0359452 


.0404384 


.0449315 


328 


329 


.0090137 


.0135205 


.0180274 


.0225342 


.0270411 


.0315479 


.0360548 


.0405616 


.0450685 


329 


330 


.0090411 


.0135616 


.0180822 


.0226027 


.0271233 


.0316438 


.0361644 


.0406849 


.0452055 


330 


331 


.0090685 


.0136027 


.0181370 


.0226712 


.0272055 


.0317397 


.0362740 


.0408082 


.0453425 


331 


332 


.0090959 


.0136438 


.0181918 


.0227397 


.0272877 


.0318356 


.0363836 


.0409315 


.0454795 


332 


333 


.0091233 


.0136849 


.0182466 


.0228082 


.0273699 


.0319315 


.0364932 


.0410548 


.0456164 


333 


334 


.0091507 


.0137260 


.0183014 


.0228767 


.0274521 


.0320274 


.0366027 


.0411781 


.0457534 


334 


335 


.0091781 


.0137671 


.0183562 


.0229452 


.0275342 


.0321233 


.0367123 


.0413014 


.0458904 


335 


336 


.0092055 


.0138082 


.0184110 


.0230137 


.0276164 


.0322192 


.0368219 


.0414247 


.0460274 


336 


337 


.0092329 


.0138493 


.0184658 


.0230822 


.0276986 


.0323151 


.0369315 


.0415479 


.0461644 


337 


338 


.0092603 


.0138904 


.0185205 


.0231507 


.0277808 


.0324110 


.0370411 


.0416712 


.0463014 


338 


339 


.0092877 


.0139315 


.0185753 


.0232192 


.0278630 


.0325068 


.0371507 


.0417945 


.0464384 


339 


340 


.0093151 


.0139726 


.0186301 


.0232877 


.0279452 


.0326027 


.0372603 


.0419178 


.0465753 


340 


341 


.0093425 


.0140137 


.0186849 


.0233562 


.0280274 


.0326986 


.0373699 


.0420411 


.0467123 


341 


342 


.0093699 


.0140548 


.0187397 


.0234247 


.0281096 


.0327945 


.0374795 


.0421644 


.0468493 


342 


343 


.0093973 


.0140959 


.0187945 


.0234932 


.0281918 


.0328904 


.0375890 


.0422877 


.0469863 


343 


344 


.0094247 


.0141370 


.0188493 


.0235616 


.0282740 


.0329863 


.0376986 


.0424110 


.0471233 


344 


345 


.0094521 


.0141781 


.0189041 


.0236301 


.0283562 


.0330822 


.0378082 


.0425342 


.0472603 


345 


346 


.0094795 


.0142192 


.0189589 


.0236986 


.0284384 


.0331781 


.0379178 


.0426575 


.0473973 


346 


347 


.0095068 


.0142603 


.0190137 


.0237671 


.0285205 


.0332740 


.0380274 


.0427808 


.0475342 


347 


348 


.0095342 


.0143014 


.0190685 


.0238356 


.0286027 


.0333699 


.0381370 


.0429041 


.0476712 


348 


349 


.0095616 


.0143425 


.0191233 


.0239041 


.0286849 


.0334658 


.0382466 


.0430274 


.0478082 


349 


350 


.0095890 


.0143836 


.0191781 


.0239726 


.0287671 


.0335616 


.0383562 


.0431507 


.0479452 


350 




1% 


m% 


2% 


2V 2 % 


3% 


3H% 


4% 


VA% 


5% 





INTEREST ON ONE DOLLAR 



25 





RATE 




Days 




Days 


sy 2 7o 


6% 


6^% 


7% 


7^% 


8% 


83^% 


9% 


9K% 


316 


.0476164 


.0519452 


.0562740 


.0606027 


.0649315 


.0692603 


.0735890 


.0779178 


.0822466 


316 


317 


.0477671 


.0521096 


.0564521 


.0607945 


.0651370 


.0694795 


.0738219 


.0781644 


.0825068 


317 


318 


.0479178 


.0522740 


.0566301 


.0609863 


.0653425 


.0696986 


.0740548 


.0784110 


.0827671 


318 


319 


.0480685 


.0524384 


.0568082 


.0611781 


.0655479 


.0699178 


.0742877 


.0786575 


.0830274 


319 


320 


.0482192 


.0526027 


.0569863 


.0613699 


.0657534 


.0701370 


.0745205 


.0789041 


.0832877 


320 


331 


.0483699 


.0527671 


.0571644 


.0615616 


.0659589 


.0703562 


.0747534 


.0791507 


.0835479 


321 


323 


.0485205 


.0529315 


.0573425 


.0617534 


.0661644 


.0705753 


.0749863 


.0793973 


.0838082 


322 


323 


.0486712 


.0530959 


.0575205 


.0619452 


.0663699 


.0707945 


.0752192 


.0796438 


.0840685 


323 


324 


.0488219 


.0532603 


.0576986 


.0621370 


.0665753 


.0710137 


.0754521 


.0798904 


.0843288 


324 


325 


-.0489726 


.0534247 


.0578767 


.0623288 


.0667808 


.0712329 


.0756849 


.0801370 


.0845890 


325 


326 


.0491233 


.0535890 


.0580548 


.0625205 


.0669863 


.0714521 


.0759178 


.0803836 


.0848493 


326 


327 


.0492740 


.0537534 


.0582329 


.0627123 


.0671918 


.0716712 


.0761507 


.0806301 


.0851096 


327 


328 


.0494247 


.0539178 


.0584110 


.0629041 


.0673973 


.0718904 


.0763836 


.0808767 


.0853699 


328 


329 


.0495753 


.0540822 


.0585890 


.0630959 


.0676027 


.0721096 


.0766164 


.0811233 


.0856301 


329 


330 


.0497260 


.0542466 


.0587671 


.0632877 


.0678082 


.0723288 


.0768493 


.0813699 


.0858904 


330 


331 


.0498767 


.0544110 


.0589452 


.0634795 


.0680137 


.0725479 


.0770822 


.0816164 


.0861507 


331 


332 


.0500274 


.0545753 


.0591233 


.0636712 


.0682192 


.0727671 


.0773151 


.0818630 


.0864110 


332 


333 


.0501781 


.0547397 


.0593014 


.0638630 


.0684247 


.0729863 


.0775479 


.0821096 


.0866712 


333 


334 


.0503288 


.0549041 


.0594795 


.0640548 


.0686301 


.0732055 


.0777808 


.0823562 


.0869315 


334 


335 


.0504795 


.0550685 


.0596575 


.0642466 


.0688356 


.0734247 


.0780137 


.0826027 


.0871918 


335 


336 


.0506301 


.0552329 


.0598356 


.0644384 


.0690411 


.0736438 


.0782466 


.0828493 


.0874521 


336 


337 


.0507808 


.0553973 


.0600137 


.0646301 


.0692466 


.0738630 


.0784795 


.0830959 


.0877123 


337 


338 


.0509315 


.0555616 


.0601918 


.0648219 


.0694521 


.0740822 


.0787123 


.0833425 


.0879726 


338 


339 


.0510822 


.0557260 


.0603699 


.0650137 


.0696575 


.0743014 


.0789452 


.0835890 


.0882329 


339 


340 


.0512329 


.0558904 


.0605479 


.0652055 


.0698630 


.0745205 


.0791781 


.0838356 


.0884932 


340 


341 


.0513836 


.0560548 


.0607260 


.0653973 


.0700685 


.0747397 


.0794110 


.0840822 


.0887534 


341 


342 


.0515342 


.0562192 


.0609041 


.0655890 


.0702740 


.0749589 


.0796438 


.0843288 


.0890137 


342 


343 


.0516849 


.0563836 


.0610822 


.0657808 


.0704795 


.0751781 


.0798767 


.0845753 


.0892740 


343 


344 


.0518356 


.0565479 


.0612603 


.0659726 


.0706849 


.0753973 


.0801096 


.0848219 


.0895342 


344 


345 


.0519863 


.0567123 


.0614384 


.0661644 


.0708904 


.0756164 


.0803425 


.0850685 


.0897945 


345 


346 


.0521370 


.0568767 


.0616164 


.0663562 


.0710959 


.0758356 


.0805753 


.0853151 


.0900548 


346 


347 


.0522877 


.0570411 


.0617945 


.0665479 


.0713014 


.0760548 


.0808082 


.0855616 


.0903151 


347 


348 


.0524384 


.0572055 


.0619726 


.0667397 


.0715068 


.0762740 


.0810411 


.0858082 


.0905753 


348 


349 


.0525890 


.0573699 


.0621507 


.0669315 


.0717123 


.0764932 


.0812740 


.0860548 


.0908356 


349 


350 


.0527397 


.0575342 


.0623288 


.0671233 


.0719178 


.0767123 


.0815068 


.0863014 


.0910959 


350 




5H% 


6% 


6^% 


7% 


W2% 


8% 


sy 2 % 


9% 


9V 2 % 





26 



INTEREST ON ONE DOLLAR 



Days 


RATE 


Days 


1% 


V/2% 


3% 


VA% 


3% 


3K% 


4% 


VA% 


5% 


351 
352 
353 
354 
355 

356 
357 
358 
359 
360 

361 
362 
363 
364 
365 


.0096164 
.0096438 
.0096712 
.0096986 
.0097260 

.0097534 
.0097808 
.0098082 
.0098356 
.0098630 

.0098904 
.0099178 
.0099452 
.0099726 
.0100000 


.0144247 
.0144658 
.0145068 
.0145479 
.0145890 

.0146301 
.0146712 
.0147123 
.0147534 
.0147945 

.0148356 
.0148767 
.0149178 
.0149589 
.0150000 


.0192329 
.0192877 
.0193425 
.0193973 
.0194521 

.0195068 
.0195616 
.0196164 
.0196712 
.0197260 

.0197808 
.0198356 
.0198904 
.0199452 
.0200000 


.0240411 
.0241096 
.0241781 
.0242466 
.0243151 

.0243836 
.0244521 
.0245205 
.0245890 
.0246575 

.0247260 
.0247945 
.0248630 
.0249315 
.0250000 


.0288493 
.0289315 
.0290137 
.0290959 
.0291781 

.0292603 
.0293425 
.0294247 
.0295068 
.0295890 

.0296712 
.0297534 
.0298356 
.0299178 
.0300000 


.0336575 
.0337534 
.0338493 
.0339452 
.0340411 

.0341370 
.0342329 
.0343288 
.0344247 
.0345205 

.0346164 
.0347123 
.0348082 
.0349041 
.0350000 


.0384658 
.0385753 
.0386849 
.0387945 
.0389041 

.0390137 
.0391233 
.0392329 
.0393425 
.0394521 

.0395616 
.0396712 
.0397808 
.0398904 
.0400000 


.0432740 
.0433973 
.0435205 
.0436438 
.0437671 

.0438904 
.0440137 
.0441370 
.0442603 
.0443836 

.0445068 
.0446301 
.0447534 
.0448767 
.0450000 


.0480822 
.0482192 
.0483562 
.0484932 
.0486301 

.0487671 
.0489041 
.0490411 
.0491781 
.0493151 

.0494521 
.0495890 
.0497260 
.0498630 
.0500000 


351 
352 
353 
354 
355 

356 
357 
35S 
359 
369 

361 
362 
363 
364 
365 




1% 


1M% 


2% 


2H% 


3% 


3^% 


4% 


4M% 


5% 





Banking and 
Stock Brokerage 



We have a special department for auditing and 
investigating the affairs of Stock Brokers and 
Banking Institutions. Our investigation in the 
matter of the Columbus and Hocking Coal and 
Iron Pools developed the evidence which caused 
a well known former Wall Street operator to 
settle for upwards of $400,000.00 and recovered, 
through litigation, upwards of $300,000.00 from 
a prominent Bank. 



INTEREST ON ONE DOLLAR 



27 



Days 


RATE 


Days 


VA% 


6% 


6H% 


*% 


ik% 


8% 


SV 2 % 


9% 


9V 2 7o 


351 
352 
353 
354 
355 

356 
357 
358 
359 
360 

361 
362 
363 
364 
365 


.0528904 
.0530411 
.0531918 
.0533425 
.0534932 

.0536438 
.0537945 
.0539452 
.0540959 
.0542466 

.0543973 
.0545479 
.0546986 
.0548493 
.0550000 


.0576986 
.0578630 
.0580274 
.0581918 
.0583562 

.0585205 
.0586849 
.0588493 
.0590137 
.0591781 

.0593425 
.0595068 
.0596712 
.0598356 
.0600000 


.0625068 
.0626849 
.0628630 
.0630411 
.0632192 

.0633973 
.0635753 
.0637534 
.0639315 
.0641096 

.0642877 
.0644658 
.0646438 
.0648219 
.0650000 


.0673151 
.0675068 
.0676986 
.0678904 
.0680822 

.0682740 
.0684658 
.0686575 
.0688493 
.0690411 

.0692329 
.0694247 
.0696164 
.0698082 
.0700000 


.0721233 
.0723288 
.0725342 
.0727397 
.0729452 

.0731507 
.0733562 
.0735616 
.0737671 
.0739726 

.0741781 
.0743836 
.0745890 
.0747945 
.0750000 


.0769315 
.0771507 
.0773699 
.0775890 
.0778082 

.0780274 
.0782466 
.0784658 
.0786849 
.0789041 

.0791233 
.0793425 
.0795616 
.0797808 
.0800000 


.0817397 
.0819726 
.0822055 
.0824384 
.0826712 

.0829041 
.0831370 
.0833699 
.0836027 
.0838356 

.0840685 
.0843014 
.0845342 
.0847671 
.0850000 


.0865479 
.0867945 
.0870411 
.0872877 
.0875342 

.0877808 
.0880274 
.0882740 
.0885205 
.0887671 

.0890137 
.0892603 
.0895068 
.0897534 
.0900000 


.0913562 
.0916164 
.0918767 
.0921370 
.0923973 

.0926575 
.0929178 
.0931781 
.0934384 
.0936986 

.0939589 
.0942192 
.0944795 
.0947397 
.0950000 


351 
352 
353 
354 
355 

356 
357 
358 
359 
360 

361 
362 
363 
364 
365 




53^% 


6% 


6^% 


7% 


1 l A% 


8% 


sy 2 % 


9% 


»^% 





Business Failures 



The causes for business failures as compiled by Bradstreet's are as follows: — 
DUE TO FAULTS OF THOSE FAILING— 78.8%:— 
Incompetence (Irrespective of other causes). 
Inexperience (Without other incompetence). 
Lack of Capital. 
Unwise Credits. 

Speculation (Outside regular business). 
Neglect of Business (Due to doubtful habits). 
Personal Extravagance. 
Fraudulent Disposition of Property. 

NOT DUE TO FAULTS OF THOSE FAILING— 21.2%:— 
Specific Conditions (Disaster, etc.). 
Failure of Others (of apparently solvent debtors). 
Competition. 

According to this, 78.8% of the failures in the United States in 1914 would not 
have occurred if proper business methods had prevailed. The services of reliable, 
competent Certified Public Accountants with the hearty co-operation of those 
vitally interested would have prevented many of these failures. 



28 

Duties of Directors of Corporations and 
Liability for the Discharge of Same 

Directors of corporations, for their protection r against 
personal liability, should insist that an exhaustive, period- 
ical audit be made of the company's affairs by skilled and 
responsible Certified Public Accountants. 

Here are some excerpts from legal decisions : — 

Billings, Receiver v. Shaw, et aU 209 N. Y., 265-282: 
"Directors of corporations act in a fiduciary capacity. In every 
action where the interest of the corporation is involved, particularly 
where the same is in conflict with the individual interest of the direct- 
ors, they act as trustees and are strictly accountable to the creditors 
or stockholders of the corporation for their action." 

Continental Securities Co. v. Belmont, 206 N. Y. 7: 

Speaking of directors, the Court says (p. 16) : 

"They are trustees clothed with the power of controlling the 
property and managing the affairs of a corporation without let or 
hindrance. As to third persons they are its agents, but as to the 
corporation itself, equity holds them liable as trustees." 

Logan v. Fidelity Phoenix Ins. Co., 161 A. D. 404-410: 
"A director is chargeable with such knowledge as to its (the cor- 
poration's) affairs as he actually possessed, or which in the discharge 
of his duties he should have had. His means of knowledge and his 
duty to acquire knowledge places him in the same position as if he 
had actual knowledge." 

McClure v. Wilson, 70 A. D. 149-153: 

"As a director he was chargeable with such knowledge as he gained 
in that capacity or might have learned by the exercise of reasonable 
care." 

Cornell v. Seddinger, 237 Pa. 389: 

"Yet the total cost was carried upon the books as an available 
asset, under the head of 'Work in Progress.' Any inquiry into the 
make-up of this item would have disclosed its hollowness in so far as 
its fitness to be considered as a basis for dividends was concerned. The 
method of accounting was entirely wrong. Inflations of various kinds 
were in existence, of so glaring a nature that any fairly competent 
man, who paid any attention to the make-up of the items appearing 
upon the face of the reports, would have found that instead of 
apparent profits, there was in reality an impairment of capital. The 
defense of Directors Price, Watt and Levy was that they relied upon 
the face of the reports of the treasurer, as showing profits, without 
making any inquiry as to the nature of the items reported as available 
assets. Directors can hardly be regarded as discharging their duty y 



29 
and protecting the trust imposed upon them, when they accept a report 
which upon its face calls for explanation and analysis, and after a glance 
at it, to see that it purports to show profits, proceed without further 
investigation to declare dividends. Yet it is admitted that this is 
practically what was done. Nor was the general condition of the 
company such as to blunt the senses of the directors to the need of 
scrutinizing the reports. The minutes show that at the time these 
various dividends were declared, there was a shortage of working 
capital, and the directors were considering the necessity of borrowing 
money both upon notes and by mortgaging the real estate. It is 
admitted that two of the directors had personal knowledge of the 
real condition of the company, and after a careful examination of the 
evidence we cannot avoid the conclusion that the other directors 
might, by the exercise of common prudence, have readily ascertained 
the worthless character of much that was carried upon the reports of 
the treasurer as assets. * * * The failure of the directors to 
investigate the character of the items of the report, led them to declare 
dividends when there was no surplus of profits to divide. This action 
was not merely an error of judgment, but was the result of lack of 
attention to the real condition of the company. Mere ignorance of 
facts which they could easily have ascertained cannot excuse. them 
for the performance of illegal acts, in declaring dividends out of 
capital. It was the duty of the directors to inform themselves as to the 
actual condition of the company before declaring dividends." 

Hence, Directors are required to direct, and to do so, 
should have a definite knowledge of what is going on. Lack 
of knowledge does not excuse them or make them immune 
from personal liability. 

In our accounting practice we fit accounting conditions 
to legal requirements. 



Scope of Our Work 

RAILROAD AND OTHER PUBLIC UTILITY CORPORATIONS; 

NATIONAL AND STATE BANKS; TRUST COMPANIES; 

PRIVATE BANKERS; STOCK BROKERS; 

MANUFACTURING AND COMMERCIAL CORPORATIONS 

AND FIRMS; 

BANKRUPTCY; ESTATES; INCOME TAX RETURNS; 

COST SYSTEMS; BUSINESS EFFICIENCY; 

ACCOUNTS KEPT FOR EXECUTORS AND ADMINISTRATORS; 

ALSO FOR CORPORATIONS AND FIRMS IN LIQUIDATION. 



PERLEY MORSE & COMPANY 

CERTIFIED PUBLIC ACCOUNTANTS 

Sixty-one Broadway New York City 

Telephone JJ|| \ Rector 



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